Exxon Mobil (NYSE:XOM) Shares Down 0.7% – What’s Next?

Exxon Mobil Co. (NYSE:XOM)’s stock price fell 0.7% on Wednesday . The stock traded as low as $118.80 and last traded at $119.51. 3,543,994 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 16,282,979 shares. The stock had previously closed at $120.35.

Wall Street Analysts Forecast Growth

XOM has been the subject of several analyst reports. TD Cowen decreased their target price on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Sanford C. Bernstein cut their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Truist Financial decreased their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Finally, Wolfe Research raised their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Trading Up 1.2 %

The firm’s 50-day simple moving average is $118.06 and its 200 day simple moving average is $116.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a market capitalization of $535.15 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 5.05 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Institutional Trading of Exxon Mobil

Several large investors have recently bought and sold shares of XOM. Principal Street Partners LLC boosted its stake in Exxon Mobil by 94.1% during the third quarter. Principal Street Partners LLC now owns 22,575 shares of the oil and gas company’s stock worth $2,600,000 after acquiring an additional 10,944 shares in the last quarter. Avestar Capital LLC increased its position in Exxon Mobil by 6.1% during the 3rd quarter. Avestar Capital LLC now owns 24,617 shares of the oil and gas company’s stock valued at $2,886,000 after buying an additional 1,423 shares in the last quarter. Brooklyn Investment Group raised its stake in Exxon Mobil by 36.8% during the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock valued at $2,945,000 after buying an additional 6,753 shares during the last quarter. FMR LLC boosted its holdings in Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock worth $17,801,457,000 after acquiring an additional 395,218 shares in the last quarter. Finally, West Tower Group LLC purchased a new stake in shares of Exxon Mobil in the third quarter worth $270,000. 61.80% of the stock is owned by institutional investors.

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.