Exxon Mobil (NYSE:XOM) Shares Down 1%

Exxon Mobil Co. (NYSE:XOM) shares were down 1% during trading on Friday . The company traded as low as $116.29 and last traded at $116.97. Approximately 2,102,565 shares traded hands during trading, a decline of 88% from the average daily volume of 16,838,420 shares. The stock had previously closed at $118.13.

Analyst Ratings Changes

Several research analysts recently issued reports on XOM shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. Truist Financial dropped their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Mizuho increased their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Wells Fargo & Company lowered their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $134.56.

Exxon Mobil Trading Down 1.1 %

The company has a 50 day simple moving average of $115.66 and a 200 day simple moving average of $114.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The company has a market capitalization of $460.86 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.94 earnings per share. Analysts anticipate that Exxon Mobil Co. will post 8.65 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a $0.95 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.25%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. AJOVista LLC purchased a new position in Exxon Mobil in the fourth quarter valued at $312,000. Kinsale Capital Group Inc. grew its holdings in shares of Exxon Mobil by 33.0% during the fourth quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock worth $3,896,000 after purchasing an additional 9,657 shares during the last quarter. Buckingham Capital Management Inc. grew its holdings in shares of Exxon Mobil by 24.4% during the fourth quarter. Buckingham Capital Management Inc. now owns 10,395 shares of the oil and gas company’s stock worth $1,039,000 after purchasing an additional 2,040 shares during the last quarter. Cooksen Wealth LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth about $136,000. Finally, Mizuho Markets Americas LLC grew its holdings in shares of Exxon Mobil by 37.8% during the fourth quarter. Mizuho Markets Americas LLC now owns 41,711 shares of the oil and gas company’s stock worth $4,170,000 after purchasing an additional 11,434 shares during the last quarter. 61.80% of the stock is currently 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.