Exxon Mobil (NYSE:XOM) Shares Down 0.7% - Here's What Happened

Exxon Mobil Co. (NYSE:XOM - Get Free Report) was down 0.7% on Monday . The stock traded as low as $110.04 and last traded at $110.54. Approximately 2,724,746 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 14,616,474 shares. The stock had previously closed at $111.33.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on XOM shares. Argus raised Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Morgan Stanley lifted their price objective on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Wells Fargo & Company reduced their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Piper Sandler reduced their price objective on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus target price of $129.25.

Exxon Mobil Stock Up 2.0 %

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a fifty day simple moving average of $109.00 and a 200-day simple moving average of $113.94. The company has a market capitalization of $466.54 billion, a PE ratio of 13.71, a P/E/G ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the business earned $2.48 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil's dividend payout ratio is currently 50.51%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company's stock.

Institutional Investors Weigh In On Exxon Mobil

Large investors have recently added to or reduced their stakes in the stock. 10Elms LLP acquired a new stake in Exxon Mobil in the fourth quarter worth $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the fourth quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter worth $32,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the fourth quarter worth $36,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil in the fourth quarter worth $46,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.