Exxon Mobil (NYSE:XOM) Trading Down 1.3% – Here’s Why

Exxon Mobil Co. (NYSE:XOM) shares traded down 1.3% during mid-day trading on Wednesday . The company traded as low as $106.70 and last traded at $107.32. 5,335,971 shares were traded during trading, a decline of 55% from the average session volume of 11,911,865 shares. The stock had previously closed at $108.75.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays decreased their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. Morgan Stanley decreased their target price on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $128.74.

Exxon Mobil Stock Down 0.4 %

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 stock has a fifty day moving average price of $113.66 and a two-hundred day moving average price of $115.69. The company has a market cap of $468.25 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the company earned $2.27 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Institutional Trading of Exxon Mobil

A number of hedge funds have recently bought and sold shares of the business. RMR Wealth Builders lifted its holdings in Exxon Mobil by 3.1% during the fourth quarter. RMR Wealth Builders now owns 32,042 shares of the oil and gas company’s stock worth $3,447,000 after acquiring an additional 960 shares during the period. Trinity Financial Advisors LLC lifted its holdings in Exxon Mobil by 13.0% during the fourth quarter. Trinity Financial Advisors LLC now owns 11,791 shares of the oil and gas company’s stock worth $1,265,000 after acquiring an additional 1,360 shares during the period. Atlas Brown Inc. lifted its holdings in Exxon Mobil by 1.2% during the fourth quarter. Atlas Brown Inc. now owns 45,166 shares of the oil and gas company’s stock worth $4,859,000 after acquiring an additional 549 shares during the period. Sugarloaf Wealth Management LLC lifted its holdings in Exxon Mobil by 7.8% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 8,233 shares of the oil and gas company’s stock worth $886,000 after acquiring an additional 598 shares during the period. Finally, HBW Advisory Services LLC lifted its holdings in Exxon Mobil by 16.2% during the fourth quarter. HBW Advisory Services LLC now owns 3,324 shares of the oil and gas company’s stock worth $358,000 after acquiring an additional 464 shares during the period. 61.80% of the stock is currently 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.