Exxon Mobil (NYSE:XOM) Trading Down 2.2% After Analyst Downgrade

Exxon Mobil Co. (NYSE:XOM) fell 2.2% during mid-day trading on Monday after UBS Group lowered their price target on the stock from $146.00 to $135.00. UBS Group currently has a buy rating on the stock. Exxon Mobil traded as low as $98.46 and last traded at $102.02. 12,150,559 shares traded hands during trading, a decline of 23% from the average session volume of 15,729,083 shares. The stock had previously closed at $104.34.

XOM has been the topic of several other research reports. Scotiabank cut their price target on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Argus upgraded Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. TD Cowen cut their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. HSBC reduced their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, Mizuho lowered their target price on Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.20.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its position in shares of Exxon Mobil by 8.4% in the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after purchasing an additional 521,932 shares in the last quarter. United Bank increased its holdings in Exxon Mobil by 3.7% during the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after purchasing an additional 641 shares during the period. Executive Wealth Management LLC boosted its holdings in Exxon Mobil by 361.9% in the third quarter. Executive Wealth Management LLC now owns 54,102 shares of the oil and gas company’s stock valued at $6,342,000 after acquiring an additional 42,390 shares in the last quarter. Impala Asset Management LLC raised its stake in Exxon Mobil by 100.4% in the third quarter. Impala Asset Management LLC now owns 45,100 shares of the oil and gas company’s stock worth $5,287,000 after buying an additional 22,600 shares in the last quarter. Finally, Vestcor Inc lifted its stake in shares of Exxon Mobil by 0.5% in the 3rd quarter. Vestcor Inc now owns 185,284 shares of the oil and gas company’s stock valued at $21,719,000 after purchasing an additional 970 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 2.2 %

The stock has a market cap of $436.81 billion, a P/E ratio of 12.84, a PEG 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. The stock’s fifty day moving average price is $110.70 and its 200 day moving average price is $113.52.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 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 period in the previous year, the company earned $2.48 EPS. Equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

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.