Exxon Mobil (NYSE:XOM) Shares Down 1% – Here’s Why

Exxon Mobil Co. (NYSE:XOM)’s stock price dropped 1% on Tuesday . The stock traded as low as $105.94 and last traded at $106.67. Approximately 4,321,747 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 14,907,360 shares. The stock had previously closed at $107.76.

Analyst Ratings Changes

XOM has been the subject of a number of research analyst reports. UBS Group dropped their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Morgan Stanley boosted their price target on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. HSBC lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Truist Financial lifted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Finally, BMO Capital Markets reduced their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. One research 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. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Performance

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 business’s 50-day moving average is $108.98 and its 200-day moving average is $114.12. The company has a market capitalization of $466.67 billion, a PE ratio of 13.72, a PEG ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous year, the business earned $2.48 EPS. On average, research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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. 10Elms LLP purchased a new position in shares of Exxon Mobil in the fourth quarter worth $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $32,000. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $36,000. Finally, Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the fourth quarter valued at approximately $46,000. 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.