Exxon Mobil (NYSE:XOM) Trading Down 0.9% – What’s Next?

Shares of Exxon Mobil Co. (NYSE:XOM) dropped 0.9% during trading on Monday . The company traded as low as $120.64 and last traded at $120.67. Approximately 3,129,779 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 16,204,059 shares. The stock had previously closed at $121.79.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent research reports. Morgan Stanley decreased their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. UBS Group lowered their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Truist Financial reduced their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. The Goldman Sachs Group boosted their price target on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.21.

Exxon Mobil Trading Down 1.5 %

The stock’s 50 day moving average is $119.39 and its 200-day moving average is $116.55. 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 company has a market capitalization of $527.28 billion, a P/E ratio of 15.03, a P/E/G ratio of 5.10 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s revenue was down .8% on a year-over-year basis. During the same period last year, the company earned $2.27 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.96 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. 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 3.30%. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Institutional Trading of Exxon Mobil

A number of large investors have recently added to or reduced their stakes in XOM. Synovus Financial Corp grew its holdings in Exxon Mobil by 78.8% during the 3rd quarter. Synovus Financial Corp now owns 671,376 shares of the oil and gas company’s stock worth $78,699,000 after acquiring an additional 295,988 shares in the last quarter. Castellan Group raised its stake in Exxon Mobil by 90.5% in the 3rd quarter. Castellan Group now owns 23,085 shares of the oil and gas company’s stock worth $2,706,000 after acquiring an additional 10,970 shares during the last quarter. Destination Wealth Management boosted its holdings in shares of Exxon Mobil by 22.5% in the 3rd quarter. Destination Wealth Management now owns 6,130 shares of the oil and gas company’s stock valued at $719,000 after acquiring an additional 1,124 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of Exxon Mobil by 90.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 380,693 shares of the oil and gas company’s stock worth $44,625,000 after buying an additional 180,684 shares during the last quarter. Finally, Arvest Bank Trust Division purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at approximately $3,153,000. Institutional investors own 61.80% of the company’s stock.

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.