Exxon Mobil (NYSE:XOM) Hits New 1-Year Low on Analyst Downgrade

Exxon Mobil Co. (NYSE:XOM) shares reached a new 52-week low during mid-day trading on Monday after UBS Group lowered their price target on the stock from $146.00 to $135.00. UBS Group currently has a buy rating on the stock. Exxon Mobil traded as low as $98.46 and last traded at $99.71, with a volume of 3465849 shares trading hands. The stock had previously closed at $104.34.

A number of other brokerages also recently issued reports on XOM. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. HSBC decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Truist Financial lifted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Wells Fargo & Company dropped their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, TD Cowen reduced their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.20.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by insiders.

Hedge Funds Weigh In On Exxon Mobil

Several institutional investors have recently modified their holdings of XOM. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $32,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the fourth quarter valued at $36,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

The firm has a market capitalization of $436.81 billion, a PE ratio of 12.84, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a fifty day moving average price of $110.70 and a two-hundred day moving average price of $113.52. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate 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 company posted $2.48 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is 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.