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

Exxon Mobil Co. (NYSE:XOM) was down 0.7% during trading on Thursday . The company traded as low as $119.37 and last traded at $119.45. Approximately 2,280,801 shares changed hands during trading, a decline of 86% from the average daily volume of 16,434,133 shares. The stock had previously closed at $120.27.

Analyst Ratings Changes

A number of research analysts have recently commented on XOM shares. Mizuho upped their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Wells Fargo & Company upped their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. UBS Group dropped their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Morgan Stanley dropped their price objective on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. One equities 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.44.

Exxon Mobil Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The stock has a market capitalization of $470.60 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. The firm has a 50-day moving average price of $117.49 and a 200 day moving average price of $116.49.

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

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.18%. Exxon Mobil’s payout ratio is 46.57%.

Hedge Funds Weigh In On Exxon Mobil

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Smith Salley Wealth Management grew its position in Exxon Mobil by 2.5% during the 3rd quarter. Smith Salley Wealth Management now owns 56,332 shares of the oil and gas company’s stock worth $6,603,000 after acquiring an additional 1,368 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Exxon Mobil by 20.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,172,524 shares of the oil and gas company’s stock worth $250,470,000 after buying an additional 367,601 shares during the period. Modera Wealth Management LLC lifted its holdings in Exxon Mobil by 4.5% in the 3rd quarter. Modera Wealth Management LLC now owns 73,403 shares of the oil and gas company’s stock worth $8,604,000 after buying an additional 3,162 shares during the period. GHP Investment Advisors Inc. lifted its holdings in Exxon Mobil by 5.4% in the 3rd quarter. GHP Investment Advisors Inc. now owns 59,807 shares of the oil and gas company’s stock worth $7,011,000 after buying an additional 3,067 shares during the period. Finally, MCF Advisors LLC lifted its holdings in Exxon Mobil by 0.9% in the 3rd quarter. MCF Advisors LLC now owns 20,940 shares of the oil and gas company’s stock worth $2,455,000 after buying an additional 194 shares during the period. 61.80% of the stock is currently owned by 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.