Exxon Mobil (NYSE:XOM) Trading Down 1.8% – Time to Sell?

Shares of Exxon Mobil Co. (NYSE:XOM) were down 1.8% during mid-day trading on Thursday . The company traded as low as $106.01 and last traded at $106.83. Approximately 17,827,897 shares changed hands during trading, an increase of 22% from the average daily volume of 14,599,773 shares. The stock had previously closed at $108.75.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. TD Cowen cut their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Wolfe Research lifted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Mizuho dropped their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. The Goldman Sachs Group upped their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Truist Financial cut their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.74.

Exxon Mobil Trading Down 0.4 %

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 company has a market cap of $468.25 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. The firm has a 50-day moving average price of $113.49 and a 200 day moving average price of $115.64.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 the consensus estimate of $93.98 billion. During the same quarter in the previous year, the company posted $2.27 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

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

Institutional Investors Weigh In On Exxon Mobil

Hedge funds have recently made changes to their positions in the business. Eagle Capital Management LLC lifted its position in Exxon Mobil by 4.9% in the second 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 during the period. Quest Partners LLC acquired a new position in Exxon Mobil during the second quarter worth about $399,000. Dorsey & Whitney Trust CO LLC lifted its holdings in Exxon Mobil by 12.9% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 21,382 shares of the oil and gas company’s stock valued at $2,461,000 after acquiring an additional 2,440 shares during the last quarter. Royal London Asset Management Ltd. boosted its position in shares of Exxon Mobil by 16.1% during the 2nd quarter. Royal London Asset Management Ltd. now owns 2,029,475 shares of the oil and gas company’s stock valued at $233,633,000 after purchasing an additional 281,493 shares in the last quarter. Finally, Bright Futures Wealth Management LLC. raised its holdings in shares of Exxon Mobil by 4.3% in the 2nd quarter. Bright Futures Wealth Management LLC. now owns 6,946 shares of the oil and gas company’s stock worth $812,000 after purchasing an additional 289 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

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.