Exxon Mobil (NYSE:XOM) Shares Down 0.3% – Time to Sell?

Exxon Mobil Co. (NYSE:XOM) traded down 0.3% on Friday . The company traded as low as $107.50 and last traded at $108.30. 2,134,131 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 15,895,300 shares. The stock had previously closed at $108.63.

Analyst Ratings Changes

Several analysts have commented on the company. Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. UBS Group dropped their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Mizuho decreased their target price on Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Finally, BMO Capital Markets decreased their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $126.50.

Exxon Mobil Trading Down 0.0 %

The stock has a 50 day moving average of $109.75 and a 200-day moving average of $112.20. The company has a market capitalization of $469.77 billion, a P/E ratio of 13.85, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last posted 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the business earned $2.48 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. Exxon Mobil’s payout ratio is presently 50.51%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

A number of institutional investors have recently added to or reduced their stakes in XOM. 10Elms LLP bought a new stake in Exxon Mobil in the 4th quarter worth approximately $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter worth about $32,000. Keystone Financial Group Inc. bought a new stake in Exxon Mobil during the fourth quarter worth approximately $36,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $46,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Company Profile

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.