Exxon Mobil (NYSE:XOM) Stock Price Down 0.6%

Exxon Mobil Co. (NYSE:XOM) dropped 0.6% during trading on Wednesday . The stock traded as low as $114.53 and last traded at $114.80. Approximately 2,763,318 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 16,814,854 shares. The stock had previously closed at $115.47.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein reduced their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 9th. Truist Financial cut their price objective on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Mizuho raised their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.29.

Exxon Mobil Price Performance

The stock has a 50-day simple moving average of $115.99 and a 200 day simple moving average of $114.66. The company has a market cap of $446.31 billion, a PE ratio of 13.87, a P/E/G ratio of 4.70 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period in the previous year, the firm earned $1.94 EPS. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. Equities analysts expect that Exxon Mobil Co. will post 8.37 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Institutional Investors Weigh In On Exxon Mobil

Institutional investors have recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil during the 1st quarter worth approximately $25,000. First Pacific Financial acquired a new stake in shares of Exxon Mobil in the first quarter valued at $34,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the second quarter valued at $35,000. Anfield Capital Management LLC grew its stake in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Finally, Fairscale Capital LLC purchased a new stake in Exxon Mobil during the 2nd quarter worth about $39,000. 61.80% of the stock is owned by institutional investors and hedge funds.

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.