Exxon Mobil (NYSE:XOM) Trading Down 0.7% – Time to Sell?

Shares of Exxon Mobil Co. (NYSE:XOM) traded down 0.7% during trading on Friday . The stock traded as low as $110.66 and last traded at $111.21. 3,243,745 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 14,663,632 shares. The stock had previously closed at $112.00.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. BMO Capital Markets reduced their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Piper Sandler reduced their target price 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. The Goldman Sachs Group reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Wolfe Research boosted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, Morgan Stanley boosted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Stock Performance

The company has a market capitalization of $480.20 billion, a PE ratio of 14.12, a PEG ratio of 3.02 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm’s 50-day simple moving average is $108.60 and its 200-day simple moving average is $114.49.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 quarter in the previous year, the firm earned $2.48 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.58%. Exxon Mobil’s dividend payout ratio (DPR) is 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds have recently modified their holdings of the business. 10Elms LLP purchased a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $31,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $46,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $47,000. Hedge funds and other 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.