Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares traded down 1.6% during trading on Wednesday . The company traded as low as $115.41 and last traded at $115.94. 4,242,520 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 18,333,313 shares. The stock had previously closed at $117.85.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. UBS Group lifted their price target on shares of Exxon Mobil from $150.00 to $152.00 and gave the stock a "buy" rating in a research note on Tuesday, May 7th. Mizuho boosted their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a "neutral" rating in a research note on Monday, May 13th. Truist Financial raised their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a "buy" rating in a research note on Friday, April 5th. HSBC lifted their price objective on Exxon Mobil from $111.00 to $120.00 and gave the stock a "hold" rating in a report on Tuesday, April 30th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $120.00 price target on shares of Exxon Mobil in a research report on Monday, February 5th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $135.00.
Check Out Our Latest Report on Exxon Mobil
Exxon Mobil Price Performance
The firm has a market cap of $455.14 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 4.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm has a 50-day simple moving average of $117.48 and a 200 day simple moving average of $107.71.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion during the quarter, compared to analysts' expectations of $79.69 billion. During the same quarter last year, the company posted $2.83 EPS. Exxon Mobil's revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Co. will post 9.57 EPS for the current year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.29%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil's dividend payout ratio (DPR) is 46.57%.
Insider Transactions at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,426 shares of the firm's stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company's stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares of the company's stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Darrin L. Talley sold 2,400 shares of the company's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is owned by insiders.
Institutional Trading of Exxon Mobil
Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Exxon Mobil by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company's stock worth $38,846,569,000 after purchasing an additional 1,269,495 shares during the period. FMR LLC grew its stake in shares of Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company's stock valued at $17,072,534,000 after acquiring an additional 4,162,149 shares during the period. Norges Bank bought a new stake in Exxon Mobil during the 4th quarter worth approximately $5,519,753,000. Morgan Stanley lifted its holdings in Exxon Mobil by 2.0% during the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company's stock valued at $6,329,099,000 after purchasing an additional 1,066,937 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Exxon Mobil by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company's stock valued at $5,249,607,000 after purchasing an additional 2,676,652 shares during the period. Institutional investors own 61.80% of the company's stock.
Exxon Mobil Company Profile
(Get Free Report)
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.
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