Exxon Mobil (NYSE:XOM) Shares Down 0.8%

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price was down 0.8% on Wednesday . The stock traded as low as $117.92 and last traded at $118.69. Approximately 18,082,228 shares traded hands during trading, an increase of 16% from the average daily volume of 15,613,478 shares. The stock had previously closed at $119.68.

Wall Street Analyst Weigh In

Several analysts recently weighed in on XOM shares. 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 report on Thursday, March 14th. Royal Bank of Canada restated a "sector perform" rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Redburn Atlantic upgraded Exxon Mobil from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Wells Fargo & Company raised their price objective on Exxon Mobil from $126.00 to $138.00 and gave the stock an "overweight" rating in a research note on Thursday, April 4th. Finally, UBS Group raised their price objective on Exxon Mobil from $133.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus price target of $131.44.

Exxon Mobil Trading Down 0.1 %

The business has a fifty day simple moving average of $110.89 and a 200-day simple moving average of $106.22. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The firm has a market cap of $469.57 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 4.15 and a beta of 0.96.

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 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the previous year, the company posted $3.40 EPS. The business's revenue was down 11.6% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 9.61 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.20%. Exxon Mobil's dividend payout ratio (DPR) is presently 42.74%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company's stock in a transaction dated 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 owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.04% of the company's stock.

Institutional Investors Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently made changes to their positions in the business. KB Financial Partners LLC bought a new stake in shares of Exxon Mobil during the 1st quarter valued at about $27,000. Clarity Asset Management Inc. bought a new position in Exxon Mobil in the fourth quarter worth approximately $34,000. IMA Wealth Inc. boosted its holdings in Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company's stock worth $40,000 after acquiring an additional 324 shares in the last quarter. FWL Investment Management LLC bought a new position in Exxon Mobil in the fourth quarter worth approximately $43,000. Finally, Partnership Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter worth approximately $46,000. Institutional investors own 61.80% of the company's stock.

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.