Exxon Mobil (NYSE:XOM) Trading Down 0.3% – Should You Sell?

Exxon Mobil Co. (NYSE:XOM) shares dropped 0.3% on Thursday . The company traded as low as $110.57 and last traded at $111.12. Approximately 2,004,351 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 13,692,828 shares. The stock had previously closed at $111.51.

Analyst Ratings Changes

A number of research firms have commented on XOM. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Bank of America assumed coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. Morgan Stanley decreased their price objective on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock has a 50-day moving average of $112.73 and a two-hundred day moving average of $115.52. The company has a market cap of $493.89 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.27 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm 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 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 dividend yield of 3.52%. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in Exxon Mobil by 7,761.0% during the third 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 during the last quarter. Legal & General Group Plc increased its stake in shares of Exxon Mobil by 19.3% in the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after purchasing an additional 5,235,607 shares in the last quarter. Franklin Resources Inc. raised its holdings in Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Clearbridge Investments LLC lifted its position in Exxon Mobil by 117.5% during the second quarter. Clearbridge Investments LLC now owns 7,668,483 shares of the oil and gas company’s stock valued at $882,795,000 after purchasing an additional 4,142,171 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Exxon Mobil during the second quarter valued at about $469,284,000. Hedge funds and other 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.