Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares fell 0.7% on Tuesday . The company traded as low as $107.86 and last traded at $108.50. 2,664,658 shares traded hands during trading, a decline of 81% from the average session volume of 13,962,641 shares. The stock had previously closed at $109.29.
Analyst Ratings Changes
XOM has been the topic of several analyst reports. Wolfe Research lifted their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Thursday, December 12th. JPMorgan Chase & Co. dropped their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. UBS Group reduced their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. Finally, Mizuho lowered their price objective on Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.84.
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Exxon Mobil Trading Up 0.4 %
The business's 50 day simple moving average is $113.12 and its 200 day simple moving average is $115.58. 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 company has a market capitalization of $482.05 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) 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 business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the company posted $2.27 earnings per share. The company's revenue for the quarter was down .8% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current year.
Exxon Mobil Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.61%. Exxon Mobil's payout ratio is currently 49.32%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the second quarter valued at approximately $35,000. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter worth $39,000. Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil in the second quarter valued at $46,000. Peterson Financial Group Inc. acquired a new position in Exxon Mobil in the third quarter valued at $51,000. Finally, Highline Wealth Partners LLC purchased a new position in Exxon Mobil during the third quarter worth about $54,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.
About Exxon Mobil
(
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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.
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