Exxon Mobil (NYSE:XOM) Trading Down 1.1% – Should You Sell?

Exxon Mobil Co. (NYSE:XOM)’s share price traded down 1.1% on Wednesday . The stock traded as low as $98.13 and last traded at $99.69. 6,083,047 shares were traded during mid-day trading, a decline of 62% from the average session volume of 15,818,318 shares. The stock had previously closed at $100.77.

Wall Street Analyst Weigh In

XOM has been the subject of a number of analyst reports. Barclays reduced their price target on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. TD Cowen decreased their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Piper Sandler dropped their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. BMO Capital Markets reduced 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 research report on Friday, January 31st. Finally, HSBC dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research 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’s stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $126.95.

Exxon Mobil Stock Performance

The stock has a market cap of $447.13 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 3.02 and a beta of 0.61. The firm’s 50-day moving average price is $110.47 and its two-hundred day moving average price is $113.27. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

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 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 posted $2.48 earnings per share. On average, analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

Several large investors have recently made changes to their positions in XOM. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at about $32,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil during the fourth quarter worth about $36,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $46,000. 61.80% of the stock is currently 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.