Exxon Mobil (NYSE:XOM) Trading Down 0.6%

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price was down 0.6% on Thursday . The company traded as low as $114.81 and last traded at $114.82. Approximately 2,801,396 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 18,324,533 shares. The stock had previously closed at $115.48.

Analysts Set New Price Targets

Several brokerages have commented on XOM. Barclays began coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an "overweight" rating and a $147.00 target price on the stock. Mizuho upped their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a "neutral" rating in a research note on Monday, May 13th. Scotiabank upped their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a "sector perform" rating in a research note on Thursday, April 11th. UBS Group boosted their target price on Exxon Mobil from $150.00 to $152.00 and gave the stock a "buy" rating in a report on Tuesday, May 7th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $135.00.

Exxon Mobil Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company has a 50-day simple moving average of $117.63 and a two-hundred day simple moving average of $107.80. The stock has a market capitalization of $447.81 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 4.10 and a beta of 0.96.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $79.69 billion. During the same quarter last year, the business earned $2.83 EPS. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Co. will post 9.57 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil's dividend payout ratio is currently 46.57%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the firm'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 completion of the sale, the vice president now directly owns 25,363 shares of the company's stock, valued at approximately $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company's stock.

Institutional Investors Weigh In On Exxon Mobil

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new position in Exxon Mobil in the 1st quarter worth approximately $25,000. First Pacific Financial bought a new position in Exxon Mobil in the 1st quarter worth approximately $34,000. Partnership Wealth Management LLC bought a new position in Exxon Mobil in the 4th quarter worth approximately $46,000. Vima LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at $50,000. Finally, ESL Trust Services LLC bought a new stake in Exxon Mobil in the 1st quarter valued at $76,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

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.