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

Exxon Mobil Co. (NYSE:XOM)’s stock price fell 0.5% during mid-day trading on Wednesday . The company traded as low as $119.39 and last traded at $120.44. 3,502,796 shares changed hands during trading, a decline of 81% from the average session volume of 18,013,049 shares. The stock had previously closed at $121.03.

Analysts Set New Price Targets

A number of analysts have weighed in on XOM shares. UBS Group increased their price objective on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. TD Cowen increased their price objective on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Wells Fargo & Company increased their price objective on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price target for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price target 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 given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.28.

Exxon Mobil Stock Performance

The company’s fifty day simple moving average is $112.29 and its two-hundred day simple moving average is $106.41. 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 company has a market capitalization of $479.15 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 4.14 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same period in the previous year, the business posted $3.40 EPS. The company’s quarterly revenue was down 11.6% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.14%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Insider Transactions 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 shares were 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 of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in Exxon Mobil during the 4th quarter worth about $5,519,753,000. Global Assets Advisory LLC increased its holdings in shares of Exxon Mobil by 16,399.4% in the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after purchasing an additional 12,540,435 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Exxon Mobil by 566.2% in the 4th quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock valued at $1,319,507,000 after purchasing an additional 11,216,602 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Exxon Mobil by 10,221.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock valued at $491,678,000 after purchasing an additional 4,870,115 shares during the period. Finally, FMR LLC increased its holdings in shares of Exxon Mobil by 3.0% in the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

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.