Exxon Mobil Co. (NYSE:XOM - Get Free Report) dropped 0.9% during mid-day trading on Wednesday . The company traded as low as $108.63 and last traded at $108.73. Approximately 2,242,893 shares traded hands during trading, a decline of 85% from the average daily volume of 14,590,541 shares. The stock had previously closed at $109.73.
Wall Street Analyst Weigh In
XOM has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. BMO Capital Markets dropped their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a report on Friday, January 31st. Bernstein Bank raised their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Morgan Stanley raised their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Finally, UBS Group dropped their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $129.25.
Read Our Latest Analysis on XOM
Exxon Mobil Price Performance
The stock has a market capitalization of $483.08 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock's 50 day moving average price is $108.95 and its 200-day moving average price is $114.23.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the business earned $2.48 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil's dividend payout ratio is currently 50.51%.
Insider Activity
In related news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction dated 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 sale, the vice president now directly owns 18,087 shares of the company's stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company's stock.
Institutional Trading of Exxon Mobil
A number of hedge funds have recently added to or reduced their stakes in the business. BridgePort Financial Solutions LLC purchased a new stake in Exxon Mobil in the fourth quarter worth about $404,000. Park Square Financial Group LLC purchased a new stake in Exxon Mobil in the fourth quarter worth about $640,000. Total Wealth Planning & Management Inc. bought a new position in Exxon Mobil in the fourth quarter worth about $1,280,000. Menard Financial Group LLC raised its holdings in Exxon Mobil by 20.1% in the fourth quarter. Menard Financial Group LLC now owns 22,867 shares of the oil and gas company's stock worth $2,460,000 after purchasing an additional 3,823 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Exxon Mobil in the fourth quarter worth about $240,653,000. 61.80% of the stock is owned by hedge funds and other institutional investors.
About Exxon Mobil
(
Get Free Report)
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.
Read More
Before you consider Exxon Mobil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exxon Mobil wasn't on the list.
While Exxon Mobil currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
