Exxon Mobil (NYSE:XOM) Stock Price Down 0.5%

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s share price dropped 0.5% on Wednesday . The company traded as low as $119.39 and last traded at $120.44. Approximately 3,502,796 shares traded hands during trading, a decline of 81% from the average daily volume of 18,013,049 shares. The stock had previously closed at $121.03.

Analyst Ratings Changes

A number of research firms have recently issued reports on XOM. Scotiabank boosted their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a "sector perform" rating in a report on Thursday, April 11th. TD Cowen upped their price objective on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, April 1st. Barclays started coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an "overweight" rating and a $147.00 target price on the stock. Truist Financial lifted their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a "buy" rating in a report on Friday, April 5th. Finally, Mizuho reissued a "neutral" rating and set a $125.00 target price on shares of Exxon Mobil in a research note on Thursday, April 4th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $132.28.

Exxon Mobil Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $479.15 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 4.14 and a beta of 0.96. The stock has a fifty day moving average price of $112.69 and a two-hundred day moving average price of $106.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.20 by $0.28. The company had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm's quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.40 EPS. As a group, analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil's dividend payout ratio is currently 42.74%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 of the company's stock, valued at $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in XOM. First Pacific Financial acquired a new stake in Exxon Mobil during the 1st quarter worth approximately $34,000. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $46,000. Vima LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at $50,000. Redmont Wealth Advisors LLC acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $88,000. Finally, Orion Capital Management LLC purchased a new stake in Exxon Mobil during the 3rd quarter worth $91,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

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.