Exxon Mobil (NYSE:XOM) Trading Down 1.5%

Shares of Exxon Mobil Co. (NYSE:XOM) were down 1.5% during trading on Friday . The company traded as low as $114.13 and last traded at $114.53. Approximately 6,556,858 shares changed hands during trading, a decline of 64% from the average daily volume of 18,288,893 shares. The stock had previously closed at $116.24.

Wall Street Analyst Weigh In

Several research firms have recently commented on XOM. Piper Sandler lifted their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Mizuho reissued a “neutral” rating and set a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 4th. Barclays assumed coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective for the company. HSBC boosted their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.06.

Exxon Mobil Trading Down 0.2 %

The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $114.65 and a 200-day moving average price of $106.96. The firm has a market capitalization of $457.39 billion, a PE ratio of 14.22, a P/E/G ratio of 4.03 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.83 earnings per share. Analysts expect that Exxon Mobil Co. will post 9.61 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds and other institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. grew its holdings in Exxon Mobil by 13.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 72,424 shares of the oil and gas company’s stock valued at $8,419,000 after buying an additional 8,726 shares during the period. DAVENPORT & Co LLC boosted its position in shares of Exxon Mobil by 3.3% in the first quarter. DAVENPORT & Co LLC now owns 384,193 shares of the oil and gas company’s stock worth $44,656,000 after acquiring an additional 12,238 shares during the last quarter. Affinity Investment Advisors LLC grew its holdings in Exxon Mobil by 44.9% in the first quarter. Affinity Investment Advisors LLC now owns 30,698 shares of the oil and gas company’s stock valued at $3,568,000 after purchasing an additional 9,507 shares during the period. Commonwealth Retirement Investments LLC increased its position in Exxon Mobil by 6.0% during the first quarter. Commonwealth Retirement Investments LLC now owns 72,132 shares of the oil and gas company’s stock worth $8,385,000 after purchasing an additional 4,063 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its stake in Exxon Mobil by 10.5% during the first quarter. Richardson Financial Services Inc. now owns 3,785 shares of the oil and gas company’s stock worth $440,000 after purchasing an additional 360 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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.