Exxon Mobil (NYSE:XOM) Shares Down 0.7%

Exxon Mobil Co. (NYSE:XOM)’s share price fell 0.7% on Thursday . The stock traded as low as $119.40 and last traded at $120.24. 4,535,716 shares traded hands during trading, a decline of 75% from the average session volume of 17,952,656 shares. The stock had previously closed at $121.05.

Analyst Ratings Changes

Several research firms have recently weighed in on XOM. TD Cowen raised their price objective on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. UBS Group lifted their target price 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. Piper Sandler lifted their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. Finally, Mizuho reissued a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Exxon Mobil Price Performance

The business’s 50 day moving average price is $113.33 and its two-hundred day moving average price is $106.67. The stock has a market cap of $466.92 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 4.17 and a beta of 0.96. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data 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). The business had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. Exxon Mobil’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.83 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Insiders Place Their Bets

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 sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC lifted its stake in shares of Exxon Mobil by 10.7% in the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after buying an additional 199 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Exxon Mobil by 83.0% in the third quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock worth $149,213,000 after buying an additional 575,649 shares in the last quarter. Qsemble Capital Management LP lifted its stake in shares of Exxon Mobil by 34.3% in the third quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock worth $553,000 after buying an additional 1,200 shares in the last quarter. RNC Capital Management LLC lifted its stake in shares of Exxon Mobil by 5.5% in the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after buying an additional 4,585 shares in the last quarter. Finally, Dupree Financial Group LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth approximately $378,000. 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.