Exxon Mobil (NYSE:XOM) Shares Down 0.7% – Here’s Why

Exxon Mobil Co. (NYSE:XOM) shares were down 0.7% on Tuesday . The company traded as low as $111.13 and last traded at $111.50. Approximately 4,536,211 shares changed hands during trading, a decline of 68% from the average daily volume of 14,047,025 shares. The stock had previously closed at $112.32.

Analyst Ratings Changes

Several brokerages recently issued reports on XOM. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a research note on Wednesday, October 9th. Morgan Stanley reduced their price objective on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. BMO Capital Markets lifted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Thursday, December 12th. Finally, Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Trading Up 0.5 %

The business’s 50-day simple moving average is $111.98 and its two-hundred day simple moving average is $115.44. The stock has a market capitalization of $483.97 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 2.93 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share 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 analysts’ expectations of $93.98 billion. During the same period in the prior year, the company earned $2.27 EPS. The firm’s revenue was down .8% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. This is an increase 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 annualized dividend and a yield of 3.60%. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in XOM. Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil during the second quarter valued at about $46,000. Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $46,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the 3rd quarter valued at about $51,000. Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil during the third quarter worth about $54,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in Exxon Mobil during the third quarter valued at approximately $63,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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.