Exxon Mobil (NYSE:XOM) Trading Down 0.3% – Here’s Why

Exxon Mobil Co. (NYSE:XOM) shares traded down 0.3% on Thursday . The stock traded as low as $117.43 and last traded at $117.66. 11,068,147 shares were traded during trading, a decline of 32% from the average session volume of 16,278,947 shares. The stock had previously closed at $117.97.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. TD Cowen boosted their target price on Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Truist Financial cut their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Wells Fargo & Company lifted their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Finally, Redburn Atlantic reiterated a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Trading Up 0.3 %

The company’s 50 day simple moving average is $119.76 and its 200-day simple moving average is $116.57. The firm has a market cap of $518.45 billion, a P/E ratio of 14.69, a P/E/G ratio of 4.94 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company earned $2.27 EPS. As a group, research analysts predict that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is currently 49.32%.

Institutional Investors Weigh In On Exxon Mobil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the second quarter valued at approximately $35,000. Anfield Capital Management LLC lifted its holdings in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil in the 2nd quarter worth $39,000. POM Investment Strategies LLC grew its position in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after buying an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil during the second quarter valued at $46,000. Institutional investors 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.