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

Shares of Exxon Mobil Co. (NYSE:XOM) fell 0.3% during trading on Thursday . The stock traded as low as $110.57 and last traded at $111.12. 2,004,351 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 13,692,828 shares. The stock had previously closed at $111.51.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on XOM. TD Cowen cut their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Wolfe Research raised their target price on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, Redburn Atlantic reissued a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The firm has a market capitalization of $493.89 billion, a PE ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. The firm’s fifty day moving average is $112.73 and its two-hundred day moving average is $115.52.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s revenue was down .8% on a year-over-year basis. During the same period last year, the business posted $2.27 earnings per share. On average, equities analysts predict that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Institutional Investors Weigh In On Exxon Mobil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XOM. Lifestyle Asset Management Inc. boosted its stake in Exxon Mobil by 0.3% in the 4th quarter. Lifestyle Asset Management Inc. now owns 60,814 shares of the oil and gas company’s stock worth $6,542,000 after purchasing an additional 208 shares during the period. Veracity Capital LLC boosted its position in shares of Exxon Mobil by 3.6% in the fourth quarter. Veracity Capital LLC now owns 7,593 shares of the oil and gas company’s stock valued at $817,000 after acquiring an additional 263 shares during the period. Secure Asset Management LLC increased its holdings in Exxon Mobil by 9.4% during the 4th quarter. Secure Asset Management LLC now owns 46,650 shares of the oil and gas company’s stock worth $5,018,000 after acquiring an additional 4,011 shares during the period. Verde Capital Management purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $211,000. Finally, Red Door Wealth Management LLC boosted its holdings in Exxon Mobil by 57.0% in the 4th quarter. Red Door Wealth Management LLC now owns 37,113 shares of the oil and gas company’s stock valued at $3,992,000 after purchasing an additional 13,475 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.