Exxon Mobil (NYSE:XOM) Trading Down 1% After Analyst Downgrade

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price was down 1% during mid-day trading on Friday after UBS Group lowered their price target on the stock from $135.00 to $131.00. UBS Group currently has a buy rating on the stock. Exxon Mobil traded as low as $98.79 and last traded at $98.94. Approximately 5,120,042 shares were traded during trading, a decline of 68% from the average daily volume of 15,943,571 shares. The stock had previously closed at $99.93.

XOM has been the topic of several other research reports. Piper Sandler decreased their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. Bernstein Bank increased their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. TD Cowen reduced their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company lowered their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Finally, Barclays reduced their target price on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. One 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $126.75.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company's stock.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $6,936,737,000. GAMMA Investing LLC increased its position in Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after purchasing an additional 9,391,614 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Exxon Mobil by 1,524.1% in the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company's stock valued at $585,818,000 after buying an additional 5,110,603 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock valued at $3,936,929,000 after buying an additional 4,415,012 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

The stock has a market capitalization of $445.85 billion, a PE ratio of 13.15, a PEG ratio of 3.02 and a beta of 0.61. The company's 50 day simple moving average is $110.20 and its 200 day simple moving average is $113.10. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 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 in the previous year, the business earned $2.48 earnings per share. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is presently 50.51%.

About Exxon Mobil

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.