Exxon Mobil (NYSE:XOM) Stock Price Down 0.2% on Insider Selling

Exxon Mobil Co. (NYSE:XOM) shares traded down 0.2% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $109.10 and last traded at $109.77. 2,612,243 shares changed hands during trading, a decline of 82% from the average session volume of 14,759,805 shares. The stock had previously closed at $109.96.

Specifically, VP Darrin L. Talley sold 2,100 shares of the firm’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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analysts Set New Price Targets

A number of equities research analysts have commented on XOM shares. Bank of America initiated coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. TD Cowen dropped their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. HSBC reduced their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Piper Sandler lowered their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group lowered their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Stock Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a fifty day simple moving average of $109.59 and a two-hundred day simple moving average of $115.00. The stock has a market cap of $478.49 billion, a PE ratio of 13.89, a PEG ratio of 2.79 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 business earned $2.48 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 7.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.64%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Hedge Funds Weigh In On Exxon Mobil

A number of institutional investors have recently made changes to their positions in XOM. Sequoia Financial Advisors LLC increased its stake in shares of Exxon Mobil by 16.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 534,179 shares of the oil and gas company’s stock worth $57,462,000 after buying an additional 75,562 shares during the last quarter. Warwick Investment Management Inc. grew its holdings in Exxon Mobil by 20.6% during the 4th quarter. Warwick Investment Management Inc. now owns 29,985 shares of the oil and gas company’s stock worth $3,225,000 after acquiring an additional 5,113 shares in the last quarter. Summit X LLC raised its stake in shares of Exxon Mobil by 6.1% in the 4th quarter. Summit X LLC now owns 22,642 shares of the oil and gas company’s stock valued at $2,436,000 after purchasing an additional 1,310 shares in the last quarter. Windle Wealth LLC grew its stake in Exxon Mobil by 3.9% in the fourth quarter. Windle Wealth LLC now owns 61,241 shares of the oil and gas company’s stock worth $6,588,000 after purchasing an additional 2,315 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in Exxon Mobil by 0.7% during the 4th quarter. Moors & Cabot Inc. now owns 199,948 shares of the oil and gas company’s stock worth $21,508,000 after buying an additional 1,344 shares during the last quarter. 61.80% of the stock is 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.