Exxon Mobil (NYSE:XOM) Trading Down 0.7%

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on XOM. Barclays began coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price on the stock. Mizuho reiterated a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. Scotiabank raised their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Wells Fargo & Company raised their price target on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, Piper Sandler raised their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $132.28.

Exxon Mobil Price Performance

The stock has a market cap of $480.26 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 4.16 and a beta of 0.96. The firm has a 50-day moving average price of $112.69 and a 200-day moving average price of $106.51. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same period in the prior year, the firm earned $3.40 EPS. The company’s revenue was down 11.6% compared to the same quarter last year. On average, analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.13%. Exxon Mobil’s payout ratio is currently 42.74%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was 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 in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

A number of hedge funds have recently bought and sold shares of XOM. First Pacific Financial bought a new position in shares of Exxon Mobil during the 1st quarter worth $34,000. Partnership Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $46,000. Vima LLC purchased a new position in Exxon Mobil in the 4th quarter worth $50,000. Keener Financial Planning LLC acquired a new stake in Exxon Mobil during the 4th quarter worth about $80,000. Finally, Neo Ivy Capital Management purchased a new stake in Exxon Mobil during the 4th quarter valued at about $80,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

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.