Exxon Mobil (NYSE:XOM) Stock Price Down 0.6% – What’s Next?

Shares of Exxon Mobil Co. (NYSE:XOM) were down 0.6% on Monday . The company traded as low as $116.82 and last traded at $117.24. Approximately 2,582,980 shares traded hands during trading, a decline of 84% from the average daily volume of 16,188,819 shares. The stock had previously closed at $117.96.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Royal Bank of Canada dropped their target price on Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 26th. UBS Group cut their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. BMO Capital Markets upped their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Morgan Stanley cut their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Trading Down 0.4 %

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 business has a 50 day moving average of $119.76 and a two-hundred day moving average of $116.55. The firm has a market capitalization of $516.51 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 4.95 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the firm posted $2.27 EPS. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.37%. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of XOM. Fairway Wealth LLC bought a new stake in Exxon Mobil in the 2nd quarter worth about $35,000. Anfield Capital Management LLC grew its holdings in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the second quarter valued at approximately $39,000. POM Investment Strategies LLC boosted its position in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the 2nd quarter valued at $46,000. 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.