Exxon Mobil (NYSE:XOM) Trading Down 2.2% – Time to Sell?

by · The Cerbat Gem

Exxon Mobil Co. (NYSE:XOM – Get Free Report)’s stock price fell 2.2% on Tuesday . The stock traded as low as $109.27 and last traded at $109.35. 4,875,727 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 14,949,142 shares. The stock had previously closed at $111.80.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on XOM shares. UBS Group decreased their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Morgan Stanley raised their price objective on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. Bernstein Bank increased their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company decreased their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Get Our Latest Stock Report on XOM

Exxon Mobil Trading Down 2.4 %

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a 50-day moving average price of $109.17 and a two-hundred day moving average price of $113.85. The stock has a market cap of $473.24 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM – Get Free Report) 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 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 period in the previous year, the firm posted $2.48 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.63%. 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 news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

About Exxon Mobil

(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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