Exxon Mobil Co. (NYSE:XOM – Get Free Report)’s stock price reached a new 52-week low on Tuesday after TD Cowen lowered their price target on the stock from $118.00 to $115.00. TD Cowen currently has a market perform rating on the stock. Exxon Mobil traded as low as $97.80 and last traded at $98.17, with a volume of 2773286 shares traded. The stock had previously closed at $99.62.
Other equities analysts have also recently issued reports about the company. Redburn Partners raised Exxon Mobil from a “sell” rating to a “neutral” rating and boosted their target price for the company from $100.00 to $105.00 in a research note on Thursday, August 31st. Sanford C. Bernstein initiated coverage on Exxon Mobil in a research note on Tuesday, October 17th. They issued an “outperform” rating and a $140.00 target price on the stock. StockNews.com initiated coverage on Exxon Mobil in a report on Thursday, October 5th. They set a “hold” rating on the stock. Truist Financial raised Exxon Mobil from a “hold” rating to a “buy” rating and upped their price target for the company from $110.00 to $131.00 in a report on Thursday, October 12th. Finally, Wells Fargo & Company increased their target price on Exxon Mobil from $127.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, September 22nd. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $129.15.
Insider Buying and Selling
In related news, Director Jeffrey W. Ubben sold 2,077,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $104.06, for a total transaction of $216,132,620.00. Following the completion of the sale, the director now directly owns 13,000 shares of the company’s stock, valued at approximately $1,352,780. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Exxon Mobil news, Director Jeffrey W. Ubben sold 2,077,000 shares of Exxon Mobil stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $104.06, for a total transaction of $216,132,620.00. Following the completion of the sale, the director now directly owns 13,000 shares of the company’s stock, valued at approximately $1,352,780. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey W. Ubben bought 250,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $105.97 per share, with a total value of $26,492,500.00. Following the completion of the transaction, the director now owns 2,077,000 shares in the company, valued at $220,099,690. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Intrepid Capital Management Inc. lifted its position in Exxon Mobil by 1.2% during the 2nd quarter. Intrepid Capital Management Inc. now owns 7,928 shares of the oil and gas company’s stock worth $850,000 after acquiring an additional 92 shares during the period. Lee Financial Co raised its holdings in Exxon Mobil by 0.5% in the 2nd quarter. Lee Financial Co now owns 20,454 shares of the oil and gas company’s stock worth $2,194,000 after purchasing an additional 94 shares during the period. Traynor Capital Management Inc. raised its holdings in Exxon Mobil by 4.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock worth $276,000 after purchasing an additional 94 shares during the period. Money Concepts Capital Corp raised its holdings in Exxon Mobil by 3.1% in the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock worth $367,000 after purchasing an additional 95 shares during the period. Finally, Defined Wealth Management LLC raised its holdings in Exxon Mobil by 2.4% in the 3rd quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock worth $476,000 after purchasing an additional 96 shares during the period. 58.53% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Trading Down 1.3 %
The company has a 50 day simple moving average of $105.94 and a 200 day simple moving average of $107.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.08 and a current ratio of 1.42. The company has a market capitalization of $389.75 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 3.59 and a beta of 1.01.
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings results on Friday, October 27th. The oil and gas company reported $2.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.09). The company had revenue of $90.76 billion during the quarter, compared to analysts’ expectations of $93.41 billion. Exxon Mobil had a net margin of 11.56% and a return on equity of 20.72%. Exxon Mobil’s revenue for the quarter was down 19.0% on a year-over-year basis. During the same quarter last year, the company earned $4.45 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 9.24 earnings per share for the current year.
Exxon Mobil Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Wednesday, November 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.86%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.91. The ex-dividend date was Tuesday, November 14th. Exxon Mobil’s dividend payout ratio is presently 37.74%.
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.