Exxon Mobil (NYSE:XOM) Trading Down 5.2% – Here’s What Happened

Shares of Exxon Mobil Corporation (NYSE:XOM) were down 5.2% on Wednesday . The company traded as low as $159.53 and last traded at $160.8920. Approximately 37,749,533 shares changed hands during trading, an increase of 66% from the average daily volume of 22,736,607 shares. The stock had previously closed at $169.66.

Trending Headlines about Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

• Positive Sentiment: Golden Pass LNG reaches first production (adds export capacity and revenue optionality for Exxon’s LNG business). ExxonMobil-QatarEnergy JV Starts LNG Output at Texas Facility
• Positive Sentiment: Company fundamentals remain strong: a history of earnings beats, advantaged upstream asset plans (5.5 MMboed by 2030) and targets for profit/volume growth support longer‑term cash flow and shareholder returns. Can Exxon (XOM) Keep the Earnings Surprise Streak Alive? Here’s How XOM’s Advantaged Upstream Assets Act as Its Growth Engine
• Positive Sentiment: Labor risk reduced after union workers ratified a new four‑year contract at Exxon’s Baton Rouge complex, supporting refining operations stability. Union workers ratify contract at Exxon Louisiana complex, sources say
• Neutral Sentiment: Analyst upgrades and high recent price targets have helped push the stock into leadership recently, but that momentum is vulnerable to macro/price moves in oil. Exxon Mobil (NYSE:XOM) Reaches New 1-Year High After Analyst Upgrade
• Negative Sentiment: Easing U.S.–Iran tensions and renewed ceasefire optimism removed the near‑term geopolitical risk premium, sending crude down and triggering sector-wide profit taking — the primary driver of today’s decline. Exxon Mobil and Chevron Fall 5%: What Iran’s President Just Did to U.S. Oil Stocks Exxon Mobil slides as crude prices retreat on renewed Iran ceasefire optimism
• Negative Sentiment: Broader selling pressure: sector rotation into risk‑on assets and profit-taking after a volatile rally magnify declines when oil softens. ExxonMobil stock slips as oil falls, but rally may not be over yet
• Negative Sentiment: Corporate/GO‑to‑market risks: reporting on internal doubts about an algae biofuels program and ongoing insider/institutional portfolio moves add headline risk. Exxon Scientists Had Doubts About Algae Biofuels. The Oil Giant Touted Them Anyway. Exxon Mobil slides as crude prices retreat on renewed Iran ceasefire optimism

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. Sanford C. Bernstein cut their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. TD Cowen raised their target price on shares of Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Scotiabank upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Friday, March 27th. Finally, Loop Capital set a $123.00 price target on shares of Exxon Mobil in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $151.00.

Exxon Mobil Trading Down 5.2%

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The business has a 50 day moving average of $150.93 and a 200 day moving average of $129.06. The firm has a market capitalization of $670.40 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 1.14 and a beta of 0.35.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 5,000 shares of Exxon Mobil stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president owned 23,584 shares of the company’s stock, valued at $3,295,864. This trade represents a 17.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 11,460 shares of company stock worth $1,687,854. 0.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Berbice Capital Management LLC acquired a new stake in Exxon Mobil during the 4th quarter worth $26,000. Midwest Capital Advisors LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Exxon Mobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 187 shares in the last quarter. Key Capital Management INC bought a new stake in shares of Exxon Mobil in the fourth quarter worth about $28,000. Finally, Westfuller Advisors LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth about $30,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.