Exxon Mobil (NYSE:XOM) Stock Price Down 0.4% – What’s Next?

Exxon Mobil Co. (NYSE:XOM) shares fell 0.4% during mid-day trading on Friday . The company traded as low as $106.48 and last traded at $106.49. 4,968,366 shares were traded during trading, a decline of 61% from the average session volume of 12,872,132 shares. The stock had previously closed at $106.93.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research note on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Mizuho decreased their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, Truist Financial cut their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.74.

Exxon Mobil Price Performance

The stock has a 50-day moving average price of $113.66 and a two-hundred day moving average price of $115.69. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market cap of $468.47 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 4.65 and a beta of 0.91.

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, topping the consensus estimate of $1.91 by $0.01. The business 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 quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $2.27 earnings per share. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.72%. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Hedge Funds Weigh In On Exxon Mobil

Several hedge funds and other institutional investors have recently bought and sold shares of XOM. Eagle Capital Management LLC boosted its position in Exxon Mobil by 4.9% in the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 114 shares in the last quarter. Werba Rubin Papier Wealth Management boosted its holdings in Exxon Mobil by 43.5% during the second quarter. Werba Rubin Papier Wealth Management now owns 13,688 shares of the oil and gas company’s stock worth $1,576,000 after buying an additional 4,146 shares in the last quarter. Morton Community Bank grew its position in Exxon Mobil by 4.6% during the second quarter. Morton Community Bank now owns 28,788 shares of the oil and gas company’s stock valued at $3,314,000 after buying an additional 1,260 shares during the period. Oak Thistle LLC purchased a new position in Exxon Mobil in the second quarter valued at $572,000. Finally, Legacy Bridge LLC raised its position in shares of Exxon Mobil by 231.9% in the second quarter. Legacy Bridge LLC now owns 12,980 shares of the oil and gas company’s stock worth $1,494,000 after acquiring an additional 9,069 shares during the period. Institutional investors and hedge funds 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.