Exxon Mobil (NYSE:XOM) Trading Down 0.6% – Here’s Why

Shares of Exxon Mobil Co. (NYSE:XOM) traded down 0.6% during mid-day trading on Wednesday . The company traded as low as $119.87 and last traded at $120.01. 1,569,640 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 16,470,242 shares. The stock had previously closed at $120.70.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XOM. Morgan Stanley reduced their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Truist Financial reduced their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Mizuho upped their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.44.

Exxon Mobil Trading Down 0.6 %

The company has a market cap of $471.58 billion, a P/E ratio of 14.66, a P/E/G ratio of 5.02 and a beta of 0.89. The business has a fifty day simple moving average of $117.49 and a 200 day simple moving average of $116.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same period last year, the business posted $1.94 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Analysts anticipate that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Institutional Investors Weigh In On Exxon Mobil

Several institutional investors and hedge funds have recently bought and sold shares of XOM. MONECO Advisors LLC boosted its stake in Exxon Mobil by 18.9% in the third quarter. MONECO Advisors LLC now owns 37,823 shares of the oil and gas company’s stock valued at $4,434,000 after acquiring an additional 6,020 shares during the period. Diversify Advisory Services LLC boosted its position in Exxon Mobil by 1.3% during the 3rd quarter. Diversify Advisory Services LLC now owns 41,822 shares of the oil and gas company’s stock valued at $5,048,000 after purchasing an additional 518 shares during the period. MBA Advisors LLC grew its stake in Exxon Mobil by 2.6% during the 3rd quarter. MBA Advisors LLC now owns 15,634 shares of the oil and gas company’s stock worth $1,833,000 after buying an additional 400 shares during the last quarter. Gibraltar Capital Management Inc. increased its position in Exxon Mobil by 0.7% in the third quarter. Gibraltar Capital Management Inc. now owns 63,888 shares of the oil and gas company’s stock worth $7,489,000 after buying an additional 444 shares during the period. Finally, Wells Trecaso Financial Group LLC increased its position in Exxon Mobil by 0.3% in the third quarter. Wells Trecaso Financial Group LLC now owns 61,725 shares of the oil and gas company’s stock worth $7,235,000 after buying an additional 157 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.