Exxon Mobil (NYSE:XOM) Shares Down 1.5%

Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) were down 1.5% during mid-day trading on Friday . The stock traded as low as $114.13 and last traded at $114.53. Approximately 6,556,858 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 18,288,893 shares. The stock had previously closed at $116.24.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on XOM shares. Truist Financial increased their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a "buy" rating in a research note on Friday, April 5th. UBS Group upped their price objective on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, April 11th. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an "overweight" rating in a research note on Tuesday. Piper Sandler raised their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, April 18th. Finally, HSBC increased their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a "hold" rating in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $134.06.

Exxon Mobil Stock Down 0.2 %

The company has a market capitalization of $457.51 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96. The company's fifty day moving average is $114.41 and its 200-day moving average is $106.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion for the quarter, compared to analysts' expectations of $79.69 billion. During the same period in the previous year, the business posted $2.83 earnings per share. The business's revenue was down 4.0% on a year-over-year basis. As a group, analysts predict that Exxon Mobil Co. will post 9.6 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil's payout ratio is 46.57%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the company's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company's stock, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Darrin L. Talley sold 2,400 shares of the business'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 completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company's stock, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. Insiders own 0.03% of the company's stock.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Pacific Financial purchased a new position in Exxon Mobil during the first quarter worth about $34,000. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $46,000. Vima LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $50,000. Keener Financial Planning LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $80,000. Finally, Neo Ivy Capital Management purchased a new stake in Exxon Mobil during the 4th quarter worth about $80,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.