Exxon Mobil (NYSE:XOM) Shares Down 1.6% – Here’s Why

Exxon Mobil Corporation (NYSE:XOM)’s share price was down 1.6% during mid-day trading on Tuesday . The stock traded as low as $145.15 and last traded at $146.01. Approximately 19,681,011 shares changed hands during trading, a decline of 8% from the average daily volume of 21,454,039 shares. The stock had previously closed at $148.45.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on XOM shares. Mizuho set a $140.00 target price on Exxon Mobil in a report on Wednesday, February 4th. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. Piper Sandler dropped their price objective on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Jefferies Financial Group boosted their target price on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $155.00 price target on shares of Exxon Mobil in a research note on Wednesday, February 4th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $140.59.

Exxon Mobil Stock Performance

The company’s fifty day moving average price is $131.72 and its two-hundred day moving average price is $119.77. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The firm has a market capitalization of $637.18 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 15.63 and a beta of 0.39.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. The firm had revenue of $80.04 billion during the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. Exxon Mobil’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 earnings per share. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be issued a $1.03 dividend. The ex-dividend date is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,230 shares of Exxon Mobil stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $149.18, for a total value of $481,851.40. Following the transaction, the vice president directly owned 20,354 shares of the company’s stock, valued at $3,036,409.72. The trade was a 13.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders sold a total of 14,230 shares of company stock worth $1,888,421 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Exxon Mobil

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Berbice Capital Management LLC acquired a new position in Exxon Mobil in the 4th quarter worth $26,000. Midwest Capital Advisors LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Exxon Mobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 187 shares during the last quarter. Key Capital Management INC acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $28,000. Finally, Nvest Wealth Strategies Inc. purchased a new position in Exxon Mobil in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.