Exxon Mobil (NYSE:XOM) Trading Down 1.4% – Time to Sell?

Exxon Mobil Corporation (NYSE:XOM) dropped 1.4% during trading on Wednesday . The company traded as low as $115.93 and last traded at $117.3560. Approximately 15,884,474 shares traded hands during trading, a decline of 2% from the average daily volume of 16,158,651 shares. The stock had previously closed at $119.03.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Mizuho decreased their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Bank of America upped their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Piper Sandler lifted their target price on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $128.67.

Exxon Mobil Stock Performance

The company has a market capitalization of $494.91 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 2.06 and a beta of 0.49. The stock has a 50 day simple moving average of $114.40 and a 200 day simple moving average of $110.86. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion for the quarter. As a group, analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a $1.03 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio is 59.88%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds have recently made changes to their positions in the business. Eagle Capital Management LLC grew its position in Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares in the last quarter. Brucke Financial Inc. lifted its stake in shares of Exxon Mobil by 2.1% in the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after acquiring an additional 142 shares during the period. GW&K Investment Management LLC boosted its holdings in shares of Exxon Mobil by 11.6% in the first quarter. GW&K Investment Management LLC now owns 3,797 shares of the oil and gas company’s stock valued at $452,000 after acquiring an additional 395 shares in the last quarter. Obermeyer Wealth Partners increased its stake in shares of Exxon Mobil by 17.2% during the first quarter. Obermeyer Wealth Partners now owns 175,508 shares of the oil and gas company’s stock valued at $20,873,000 after acquiring an additional 25,777 shares during the period. Finally, Ignite Planners LLC raised its holdings in Exxon Mobil by 8.6% during the first quarter. Ignite Planners LLC now owns 16,870 shares of the oil and gas company’s stock worth $2,006,000 after purchasing an additional 1,343 shares in the last quarter. 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.