Exxon Mobil (NYSE:XOM) Shares Down 1.1% – Time to Sell?

Shares of Exxon Mobil Co. (NYSE:XOM) were down 1.1% during mid-day trading on Tuesday . The stock traded as low as $118.73 and last traded at $119.01. Approximately 2,723,210 shares were traded during trading, a decline of 83% from the average daily volume of 16,261,896 shares. The stock had previously closed at $120.31.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on XOM shares. Bank of America assumed coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. Barclays cut their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Finally, UBS Group dropped their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $130.21.

Exxon Mobil Stock Performance

The company has a market capitalization of $528.95 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 4.97 and a beta of 0.90. 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 fifty day simple moving average of $118.96 and a 200 day simple moving average of $116.47.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $93.98 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.29%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Institutional Investors Weigh In On Exxon Mobil

A number of hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its holdings in shares of Exxon Mobil by 532.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after purchasing an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA acquired a new position in Exxon Mobil during the second quarter worth $980,210,000. International Assets Investment Management LLC grew its holdings in Exxon Mobil by 7,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after buying an additional 6,805,982 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after buying an additional 5,330,887 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after buying an additional 5,235,607 shares during the period. 61.80% of the stock is currently 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.