Exxon Mobil (NYSE:XOM) Shares Down 0.2% - Here's What Happened

Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) dropped 0.2% on Friday . The company traded as low as $104.55 and last traded at $105.60. Approximately 4,889,231 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 16,736,445 shares. The stock had previously closed at $105.78.

Analyst Upgrades and Downgrades

XOM has been the subject of several research analyst reports. Wells Fargo & Company decreased their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Barclays decreased their price objective on shares of Exxon Mobil from $135.00 to $130.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada restated a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. Bernstein Bank boosted their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, Truist Financial raised their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and an average price target of $126.50.

Exxon Mobil Price Performance

The stock's 50-day moving average is $109.36 and its 200 day moving average is $111.73. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market cap of $459.35 billion, a PE ratio of 13.55, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the firm earned $2.06 EPS. The business's quarterly revenue was up .1% on a year-over-year basis. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.73%. Exxon Mobil's dividend payout ratio (DPR) is currently 50.51%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Exxon Mobil

Several hedge funds have recently made changes to their positions in XOM. 10Elms LLP purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $25,000. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at $29,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth $32,000. Finally, Keystone Financial Group Inc. acquired a new position in Exxon Mobil during the fourth quarter valued at $36,000. 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.