Exxon Mobil (NYSE:XOM) Stock Price Down 3% – Here’s Why

Exxon Mobil Co. (NYSE:XOM)’s share price fell 3% on Wednesday . The stock traded as low as $104.59 and last traded at $104.34. 4,940,326 shares changed hands during trading, a decline of 67% from the average session volume of 14,914,765 shares. The stock had previously closed at $107.54.

Analyst Ratings Changes

Several research firms recently commented on XOM. Mizuho cut their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. UBS Group cut their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Morgan Stanley raised their price target on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Piper Sandler cut their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Trading Up 1.3 %

The firm’s fifty day moving average price is $109.00 and its 200-day moving average price is $113.94. The company has a market cap of $473.20 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 3.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 last year, the business earned $2.48 EPS. On average, equities analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Buying and Selling at Exxon Mobil

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

Institutional Investors Weigh In On Exxon Mobil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alpha Wealth Funds LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth $212,000. IronOak Wealth LLC. bought a new stake in Exxon Mobil in the fourth quarter worth about $1,516,000. Elite Financial Inc. bought a new stake in Exxon Mobil in the fourth quarter worth about $272,000. Arcadia Wealth Management Inc. acquired a new stake in Exxon Mobil in the 4th quarter valued at about $437,000. Finally, Wood Tarver Financial Group LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at about $550,000. Institutional investors own 61.80% of the company’s stock.

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.