Exxon Mobil (NYSE:XOM) Trading Down 0.7% – Should You Sell?

Shares of Exxon Mobil Co. (NYSE:XOM) traded down 0.7% during mid-day trading on Wednesday . The company traded as low as $118.80 and last traded at $119.51. 3,543,994 shares were traded during mid-day trading, a decline of 78% from the average session volume of 16,282,979 shares. The stock had previously closed at $120.35.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on XOM. Morgan Stanley decreased their target price on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Bank of America assumed coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. Wolfe Research boosted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Redburn Atlantic restated a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, UBS Group cut their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Stock Up 0.1 %

The firm has a market capitalization of $529.92 billion, a PE ratio of 15.01, a PEG ratio of 5.09 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a 50 day simple moving average of $118.21 and a 200 day simple moving average of $116.38.

Exxon Mobil (NYSE:XOM) last posted 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 analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.27 EPS. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be 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 dividend yield of 3.28%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 47.32%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the second quarter valued at approximately $35,000. Anfield Capital Management LLC increased its position in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC purchased a new position in Exxon Mobil during the 2nd quarter valued at $39,000. POM Investment Strategies LLC raised its holdings in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil in the 2nd quarter worth about $46,000. 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.