Exxon Mobil (NYSE:XOM) Shares Down 3% – Here’s Why

Exxon Mobil Co. (NYSE:XOM)’s share price fell 3% during trading on Wednesday . The stock traded as low as $104.59 and last traded at $104.34. 4,940,326 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 14,914,765 shares. The stock had previously closed at $107.54.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on XOM shares. JPMorgan Chase & Co. cut their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. UBS Group lowered their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Morgan Stanley raised their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Finally, The Goldman Sachs Group decreased their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Trading Down 2.1 %

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a fifty day moving average of $109.00 and a 200-day moving average of $114.04. The company has a market cap of $456.95 billion, a PE ratio of 13.43, a PEG ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the firm earned $2.48 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On Exxon Mobil

Several institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new position in Exxon Mobil in the third quarter worth approximately $63,000. GFS Advisors LLC increased its holdings in shares of Exxon Mobil by 3,987.5% in the 3rd quarter. GFS Advisors LLC now owns 50,685 shares of the oil and gas company’s stock valued at $5,941,000 after acquiring an additional 49,445 shares during the period. Whitener Capital Management Inc. raised its position in shares of Exxon Mobil by 4.7% in the 3rd quarter. Whitener Capital Management Inc. now owns 39,172 shares of the oil and gas company’s stock worth $4,592,000 after acquiring an additional 1,760 shares in the last quarter. Angeles Wealth Management LLC lifted its stake in shares of Exxon Mobil by 3.8% during the 3rd quarter. Angeles Wealth Management LLC now owns 23,478 shares of the oil and gas company’s stock worth $2,752,000 after purchasing an additional 859 shares during the last quarter. Finally, BSW Wealth Partners grew its stake in Exxon Mobil by 20.0% in the third quarter. BSW Wealth Partners now owns 12,917 shares of the oil and gas company’s stock valued at $1,514,000 after purchasing an additional 2,150 shares during the last quarter. 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.