Exxon Mobil (NYSE:XOM) Shares Down 0.4%

Shares of Exxon Mobil Co. (NYSE:XOM) fell 0.4% on Tuesday . The company traded as low as $117.81 and last traded at $118.30. 2,374,421 shares traded hands during trading, a decline of 86% from the average session volume of 16,952,686 shares. The stock had previously closed at $118.81.

Analysts Set New Price Targets

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

Exxon Mobil Price Performance

The company has a fifty day simple moving average of $115.52 and a two-hundred day simple moving average of $114.16. The stock has a market capitalization of $459.32 billion, a P/E ratio of 14.28, a PEG ratio of 4.51 and a beta of 0.91. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.94 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be issued a $0.95 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.26%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XOM. AJOVista LLC bought a new stake in Exxon Mobil during the 4th quarter worth about $312,000. Kinsale Capital Group Inc. increased its stake in shares of Exxon Mobil by 33.0% during the 4th 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. raised its holdings in shares of Exxon Mobil by 24.4% in the 4th quarter. Buckingham Capital Management Inc. now owns 10,395 shares of the oil and gas company’s stock valued at $1,039,000 after purchasing an additional 2,040 shares during the period. Cooksen Wealth LLC bought a new position in Exxon Mobil during the fourth quarter worth about $136,000. Finally, Mizuho Markets Americas LLC increased its position in 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 buying an additional 11,434 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

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.