Exxon Mobil (NYSE:XOM) Shares Down 4.1% Following Analyst Downgrade

Exxon Mobil Co. (NYSE:XOM) shares were down 4.1% during mid-day trading on Friday after Mizuho lowered their price target on the stock from $131.00 to $129.00. Mizuho currently has a neutral rating on the stock. Exxon Mobil traded as low as $106.10 and last traded at $107.77. Approximately 8,614,673 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 15,692,984 shares. The stock had previously closed at $112.43.

Several other research analysts have also recently commented on the stock. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. The Goldman Sachs Group decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. TD Cowen dropped their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Finally, Bernstein Bank raised their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $128.80.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction 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 completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

A number of large investors have recently bought and sold shares of XOM. West Oak Capital LLC raised its holdings in Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after purchasing an additional 92 shares in the last quarter. Beacon Capital Management LLC raised its stake in shares of Exxon Mobil by 1.1% during the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock worth $923,000 after buying an additional 93 shares in the last quarter. Cadent Capital Advisors LLC lifted its holdings in shares of Exxon Mobil by 0.3% in the 4th quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company’s stock valued at $4,020,000 after buying an additional 94 shares during the period. Lincoln Capital LLC boosted its stake in shares of Exxon Mobil by 1.1% in the fourth quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company’s stock valued at $917,000 after buying an additional 94 shares in the last quarter. Finally, Altus Wealth Group LLC grew its holdings in Exxon Mobil by 0.9% during the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock worth $1,090,000 after acquiring an additional 94 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

The stock has a market cap of $452.01 billion, a PE ratio of 13.29, a PEG ratio of 3.02 and a beta of 0.60. The company has a 50-day simple moving average of $111.16 and a 200-day simple moving average of $113.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data 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 quarter last year, the firm posted $2.48 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) 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.