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

Shares of Exxon Mobil Co. (NYSE:XOM) traded down 0.2% during mid-day trading on Tuesday after Barclays lowered their price target on the stock from $137.00 to $135.00. Barclays currently has an overweight rating on the stock. Exxon Mobil traded as low as $113.11 and last traded at $113.51. 5,013,878 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 14,840,534 shares. The stock had previously closed at $113.76.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets dropped their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. TD Cowen dropped their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Truist Financial upped their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Scotiabank dropped their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Finally, UBS Group dropped their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $129.15.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. M1 Capital Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $630,000. Northeast Planning Associates INC. NH bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $302,000. DSG Capital Advisors LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $1,650,000. Chancellor Financial Group WB LP purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $706,000. Finally, Triton Wealth Management PLLC lifted its stake in shares of Exxon Mobil by 2.8% during the 4th quarter. Triton Wealth Management PLLC now owns 9,163 shares of the oil and gas company’s stock valued at $986,000 after buying an additional 249 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 1.6 %

The company has a market capitalization of $500.75 billion, a PE ratio of 14.72, a PEG ratio of 3.02 and a beta of 0.83. 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 stock’s 50 day moving average is $109.74 and its 200 day moving average is $113.59.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 firm earned $2.48 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s payout ratio is currently 50.51%.

About Exxon Mobil

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.