Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares dropped 0.7% on Tuesday . The company traded as low as $117.92 and last traded at $118.85. Approximately 5,711,933 shares changed hands during trading, a decline of 69% from the average daily volume of 18,175,119 shares. The stock had previously closed at $119.68.
Analysts Set New Price Targets
XOM has been the subject of a number of research reports. TD Cowen lifted their target price on Exxon Mobil from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, April 1st. Piper Sandler dropped their price target on Exxon Mobil from $142.00 to $130.00 and set an "overweight" rating for the company in a research note on Thursday, March 14th. Redburn Atlantic raised Exxon Mobil from a "neutral" rating to a "buy" rating and boosted their price target for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Erste Group Bank reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Finally, Mizuho reaffirmed a "neutral" rating and issued a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $131.44.
Read Our Latest Research Report on XOM
Exxon Mobil Stock Performance
The company has a market capitalization of $469.81 billion, a P/E ratio of 13.37, a PEG ratio of 4.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The company has a fifty day moving average price of $110.24 and a two-hundred day moving average price of $106.12.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion for the quarter, compared to analysts' expectations of $90.03 billion. During the same period in the previous year, the business posted $3.40 earnings per share. The business's quarterly revenue was down 11.6% compared to the same quarter last year. Equities analysts forecast that Exxon Mobil Co. will post 9.54 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil's payout ratio is presently 42.74%.
Insider Activity at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,400 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Exxon Mobil
Institutional investors and hedge funds have recently modified their holdings of the business. KB Financial Partners LLC bought a new position in shares of Exxon Mobil during the 1st quarter worth approximately $27,000. Clarity Asset Management Inc. acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $34,000. IMA Wealth Inc. raised its position in shares of Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company's stock worth $40,000 after purchasing an additional 324 shares during the period. FWL Investment Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $43,000. Finally, Partnership Wealth Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $46,000. 61.80% of the stock is currently owned by institutional investors.
About Exxon Mobil
(
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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.
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