Exxon Mobil (NYSE:XOM) Stock Price Down 0.7% - Time to Sell?

Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) fell 0.7% during mid-day trading on Monday . The stock traded as low as $104.92 and last traded at $105.09. 2,701,041 shares were traded during trading, a decline of 84% from the average session volume of 16,380,326 shares. The stock had previously closed at $105.87.

Analyst Ratings Changes

A number of equities analysts recently commented on XOM shares. Scotiabank raised shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. BNP Paribas lowered Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target for the company. in a research report on Wednesday, October 9th. Barclays dropped their price objective on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. Finally, Morgan Stanley lowered their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven 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 presently has a consensus rating of "Moderate Buy" and an average price target of $128.74.

Exxon Mobil Trading Up 0.4 %

The company has a 50 day simple moving average of $117.21 and a two-hundred day simple moving average of $116.15. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a market cap of $467.20 billion, a PE ratio of 13.24, a P/E/G ratio of 4.70 and a beta of 0.89.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the company earned $2.27 EPS. Exxon Mobil's quarterly revenue was down .8% on a year-over-year basis. Analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.73%. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil's dividend payout ratio is presently 49.32%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at about $35,000. Anfield Capital Management LLC grew its holdings in Exxon Mobil by 360.0% in the second 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 stake in shares of Exxon Mobil in the second quarter valued at approximately $39,000. POM Investment Strategies LLC raised its stake in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock worth $43,000 after buying an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at $46,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Company Profile

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.