Exxon Mobil (NYSE:XOM) Trading Down 0.8%

Exxon Mobil Co. (NYSE:XOM) was down 0.8% during trading on Wednesday . The stock traded as low as $117.92 and last traded at $118.69. Approximately 18,082,228 shares traded hands during trading, an increase of 16% from the average daily volume of 15,613,478 shares. The stock had previously closed at $119.68.

Analysts Set New Price Targets

Several equities research analysts have recently commented on XOM shares. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Scotiabank upped their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Wells Fargo & Company upped their target price on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Finally, Mizuho reissued a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Stock Performance

The company has a market cap of $469.81 billion, a P/E ratio of 13.35, a P/E/G ratio of 4.15 and a beta of 0.96. The firm has a 50 day moving average price of $110.57 and a 200-day moving average price of $106.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28. The company had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.40 EPS. On average, research analysts predict that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.20%. Exxon Mobil’s payout ratio is 42.74%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of XOM. KB Financial Partners LLC acquired a new position in shares of Exxon Mobil during the first quarter worth about $27,000. Clarity Asset Management Inc. acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $34,000. IMA Wealth Inc. boosted its position in shares of Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after buying an additional 324 shares during the period. FWL Investment Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $43,000. Finally, Partnership Wealth Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $46,000. 61.80% of the stock is owned by institutional investors and hedge funds.

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.