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

Exxon Mobil Co. (NYSE:XOM) shares fell 0.7% on Tuesday . The company traded as low as $107.86 and last traded at $108.50. 2,664,658 shares changed hands during trading, a decline of 81% from the average session volume of 13,962,641 shares. The stock had previously closed at $109.29.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Morgan Stanley reduced their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Barclays lowered their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Truist Financial lifted their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday. Finally, Bank of America started coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Trading Down 0.2 %

The firm’s fifty day simple moving average is $112.93 and its 200 day simple moving average is $115.55. The stock has a market capitalization of $489.27 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating 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 business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same period last year, the firm posted $2.27 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Institutional Trading of Exxon Mobil

Hedge funds have recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the second quarter worth $35,000. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at about $39,000. Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at about $46,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth about $46,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil in the third quarter worth approximately $51,000. 61.80% of the stock is owned by institutional investors and hedge funds.

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.