Exxon Mobil (NYSE:XOM) Shares Down 3.5% – What’s Next?

Shares of Exxon Mobil Corporation (NYSE:XOM) fell 3.5% during trading on Thursday . The company traded as low as $149.88 and last traded at $150.1560. 29,588,725 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 21,528,516 shares. The stock had previously closed at $155.56.

Wall Street Analyst Weigh In

XOM has been the subject of several recent analyst reports. Royal Bank Of Canada upped their target price on shares of Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Bank of America raised their price objective on Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Mizuho set a $140.00 target price on Exxon Mobil in a research note on Wednesday, February 4th. Citigroup raised their price target on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Finally, TD Cowen boosted their price objective on Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $140.59.

Exxon Mobil Price Performance

The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $127.96 and a 200 day simple moving average of $118.25. The stock has a market cap of $633.23 billion, a P/E ratio of 22.44, a PEG ratio of 15.77 and a beta of 0.39.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm had revenue of $82.31 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same period in the previous year, the business earned $1.67 EPS. The company’s revenue was down 1.3% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend payout ratio is presently 61.58%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction 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 directly owned 23,584 shares in the company, valued at approximately $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 14,230 shares of company stock valued at $1,888,421 over the last three months. 0.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Exxon Mobil

Several hedge funds have recently bought and sold shares of XOM. Berbice Capital Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Exxon Mobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 187 shares during the period. Midwest Capital Advisors LLC bought a new position in Exxon Mobil during the fourth quarter worth $27,000. Key Capital Management INC bought a new position in Exxon Mobil during the fourth quarter worth $28,000. Finally, Westfuller Advisors LLC acquired a new stake in Exxon Mobil in the third quarter worth $30,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.