Exxon Mobil (NYSE:XOM) Stock Price Down 1.1% – Here’s What Happened

Exxon Mobil Co. (NYSE:XOM)’s share price fell 1.1% on Tuesday . The company traded as low as $118.73 and last traded at $119.01. 2,723,210 shares traded hands during trading, a decline of 83% from the average session volume of 16,261,896 shares. The stock had previously closed at $120.31.

Analyst Ratings Changes

A number of brokerages recently issued reports on XOM. UBS Group reduced their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, October 9th. Bank of America initiated coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price objective on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $130.21.

Exxon Mobil Stock Performance

The business’s fifty day simple moving average is $118.96 and its 200-day simple moving average is $116.47. The company has a market capitalization of $528.95 billion, a P/E ratio of 14.99, a P/E/G ratio of 4.97 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue was down .8% on a year-over-year basis. During the same period last year, the company posted $2.27 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. This is a positive change 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 dividend on an annualized basis and a yield of 3.29%. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Morse Asset Management Inc raised its stake in shares of Exxon Mobil by 9.7% during the third quarter. Morse Asset Management Inc now owns 73,158 shares of the oil and gas company’s stock valued at $8,576,000 after acquiring an additional 6,439 shares in the last quarter. Diamant Asset Management Inc. raised its position in Exxon Mobil by 0.9% during the 3rd quarter. Diamant Asset Management Inc. now owns 12,949 shares of the oil and gas company’s stock valued at $1,518,000 after purchasing an additional 120 shares in the last quarter. Advisory Resource Group lifted its holdings in shares of Exxon Mobil by 3.0% in the 3rd quarter. Advisory Resource Group now owns 43,700 shares of the oil and gas company’s stock worth $5,123,000 after buying an additional 1,270 shares during the period. Passumpsic Savings Bank grew its position in shares of Exxon Mobil by 50.5% during the 3rd quarter. Passumpsic Savings Bank now owns 3,619 shares of the oil and gas company’s stock worth $424,000 after buying an additional 1,214 shares in the last quarter. Finally, McIlrath & Eck LLC increased its stake in shares of Exxon Mobil by 7.4% during the third quarter. McIlrath & Eck LLC now owns 5,603 shares of the oil and gas company’s stock valued at $657,000 after buying an additional 387 shares during the period. Hedge funds and other 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.