Exxon Mobil (NYSE:XOM) Trading Down 0.2% After Analyst Downgrade

Exxon Mobil Co. (NYSE:XOM)’s share price traded down 0.2% during mid-day trading on Tuesday after Truist Financial lowered their price target on the stock from $124.00 to $121.00. Truist Financial currently has a hold rating on the stock. Exxon Mobil traded as low as $114.46 and last traded at $114.99. 1,916,609 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 17,616,766 shares. The stock had previously closed at $115.27.

Other equities research analysts also recently issued reports about the company. TD Cowen increased their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. HSBC increased their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Sanford C. Bernstein lowered their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Scotiabank increased their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Finally, UBS Group increased their price objective on Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $134.78.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Institutional Trading of Exxon Mobil

A number of hedge funds have recently made changes to their positions in XOM. Etesian Wealth Advisors Inc. lifted its position in shares of Exxon Mobil by 5.4% in the fourth quarter. Etesian Wealth Advisors Inc. now owns 5,970 shares of the oil and gas company’s stock valued at $598,000 after buying an additional 305 shares during the last quarter. JTC Employer Solutions Trustee Ltd lifted its holdings in Exxon Mobil by 390.3% during the 4th quarter. JTC Employer Solutions Trustee Ltd now owns 21,430 shares of the oil and gas company’s stock worth $2,147,000 after purchasing an additional 17,059 shares during the last quarter. Strategic Wealth Investment Group LLC lifted its holdings in Exxon Mobil by 86.2% during the 4th quarter. Strategic Wealth Investment Group LLC now owns 4,657 shares of the oil and gas company’s stock worth $466,000 after purchasing an additional 2,156 shares during the last quarter. Carlson Capital Management lifted its holdings in Exxon Mobil by 2.3% during the 4th quarter. Carlson Capital Management now owns 17,005 shares of the oil and gas company’s stock worth $1,700,000 after purchasing an additional 382 shares during the last quarter. Finally, NovaPoint Capital LLC lifted its holdings in Exxon Mobil by 50.1% during the 4th quarter. NovaPoint Capital LLC now owns 6,621 shares of the oil and gas company’s stock worth $662,000 after purchasing an additional 2,211 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

The firm has a market capitalization of $450.80 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 4.47 and a beta of 0.91. The company has a fifty day moving average of $114.08 and a two-hundred day moving average of $111.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.83 earnings per share. As a group, equities research analysts predict that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.32%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.