Exxon Mobil (NYSE:XOM) Stock Price Down 0.7%

Exxon Mobil Co. (NYSE:XOM) shares fell 0.7% during mid-day trading on Tuesday . The stock traded as low as $117.92 and last traded at $118.85. 5,711,933 shares changed hands during trading, a decline of 69% from the average session volume of 18,175,119 shares. The stock had previously closed at $119.68.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on XOM. Mizuho reiterated a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and increased their target price for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. TD Cowen lifted their price target on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Barclays assumed coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective on the stock. Finally, Scotiabank raised their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $131.44.

Exxon Mobil Price Performance

The stock has a fifty day moving average of $110.89 and a 200-day moving average of $106.22. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $469.57 billion, a P/E ratio of 13.34, a PEG ratio of 4.08 and a beta of 0.96.

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

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.20%. Exxon Mobil’s payout ratio is 42.74%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated 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 $3,169,845. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC grew its position in shares of Exxon Mobil by 10.7% during the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after buying an additional 199 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Exxon Mobil by 83.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock valued at $149,213,000 after purchasing an additional 575,649 shares in the last quarter. Qsemble Capital Management LP lifted its holdings in shares of Exxon Mobil by 34.3% during the 3rd quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock valued at $553,000 after purchasing an additional 1,200 shares in the last quarter. RNC Capital Management LLC lifted its holdings in shares of Exxon Mobil by 5.5% during the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after purchasing an additional 4,585 shares in the last quarter. Finally, Meyer Handelman Co. lifted its holdings in shares of Exxon Mobil by 5.9% during the 3rd quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company’s stock valued at $45,971,000 after purchasing an additional 21,895 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.