Exxon Mobil (NYSE:XOM) Stock Price Down 1% – Time to Sell?

Exxon Mobil Co. (NYSE:XOM) shares traded down 1% on Monday . The company traded as low as $116.77 and last traded at $118.24. 3,410,418 shares traded hands during trading, a decline of 79% from the average session volume of 16,380,677 shares. The stock had previously closed at $119.49.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on XOM shares. Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Mizuho raised their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a report on Wednesday, October 9th. UBS Group dropped their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Stock Performance

The stock’s 50 day simple moving average is $117.60 and its two-hundred day simple moving average is $116.39. The company has a market capitalization of $462.63 billion, a P/E ratio of 14.38, a P/E/G ratio of 5.00 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.94 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 8.05 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is 46.57%.

Institutional Trading of Exxon Mobil

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil in the first quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $35,000. Anfield Capital Management LLC boosted its position 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 purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth $39,000. Finally, POM Investment Strategies LLC increased its holdings in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the last quarter. 61.80% of the stock is 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.