Exxon Mobil (NYSE:XOM) Shares Down 0.9% – Should You Sell?

Exxon Mobil Co. (NYSE:XOM) fell 0.9% on Monday . The company traded as low as $120.64 and last traded at $120.67. 3,129,779 shares were traded during mid-day trading, a decline of 81% from the average session volume of 16,204,059 shares. The stock had previously closed at $121.79.

Analyst Ratings Changes

XOM has been the topic of a number of research reports. Truist Financial reduced their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. BMO Capital Markets lifted their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. The Goldman Sachs Group raised their price target on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Finally, BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Trading Down 0.3 %

The company has a market capitalization of $517.13 billion, a P/E ratio of 14.65, a PEG ratio of 5.04 and a beta of 0.90. 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 business’s 50-day moving average price is $119.67 and its two-hundred day moving average price is $116.57.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the company earned $2.27 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared 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. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.37%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 49.32%.

Institutional Investors Weigh In On Exxon Mobil

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. WFA Asset Management Corp raised its position in Exxon Mobil by 18.2% in the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after buying an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Exxon Mobil during the 1st quarter worth approximately $933,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of Exxon Mobil by 29.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 3,352 shares of the oil and gas company’s stock valued at $390,000 after purchasing an additional 762 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of Exxon Mobil in the first quarter worth $83,000. Finally, National Wealth Management Group LLC acquired a new position in Exxon Mobil during the first quarter worth $214,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.