Exxon Mobil (NYSE:XOM) Stock Price Down 2.2% – Here’s What Happened

Exxon Mobil Co. (NYSE:XOM) dropped 2.2% during mid-day trading on Tuesday . The company traded as low as $109.27 and last traded at $109.35. Approximately 4,875,727 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 14,949,142 shares. The stock had previously closed at $111.80.

Analyst Upgrades and Downgrades

Several research firms recently commented on XOM. JPMorgan Chase & Co. cut their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company reduced their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. Morgan Stanley boosted their price target on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Finally, The Goldman Sachs Group cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Trading Down 0.5 %

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 firm has a market capitalization of $471.14 billion, a P/E ratio of 13.85, a PEG ratio of 3.02 and a beta of 0.83. The firm has a 50 day simple moving average of $109.24 and a two-hundred day simple moving average of $113.77.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 prior year, the business earned $2.48 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm 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 3.65%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insider Activity at Exxon Mobil

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

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds and other institutional investors have recently made changes to their positions in XOM. PKO Investment Management Joint Stock Co purchased a new stake in Exxon Mobil during the fourth quarter worth about $9,190,000. Northstar Financial Companies Inc. purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $1,183,000. Campbell Deegan Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $625,000. Lighthouse Financial LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $576,000. Finally, Anchor Pointe Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $208,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

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.