Exxon Mobil Co. (NYSE:XOM - Get Free Report) dropped 1.1% during trading on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from $130.00 to $125.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Exxon Mobil traded as low as $106.83 and last traded at $107.27. Approximately 3,628,552 shares traded hands during trading, a decline of 78% from the average daily volume of 16,260,027 shares. The stock had previously closed at $108.47.
XOM has been the subject of several other research reports. TD Cowen lowered their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research note on Monday. BNP Paribas downgraded shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price for the company. in a report on Wednesday, October 9th. Morgan Stanley decreased their price target on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Truist Financial dropped their price objective on Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a research note on Monday, September 30th. Finally, Redburn Atlantic reissued a "neutral" rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $129.68.
Check Out Our Latest Report on XOM
Hedge Funds Weigh In On Exxon Mobil
Large investors have recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Exxon Mobil by 0.3% in the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock valued at $17,801,457,000 after acquiring an additional 395,218 shares during the last quarter. Geode Capital Management LLC increased its stake in Exxon Mobil by 1.8% in the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock valued at $10,777,735,000 after purchasing an additional 1,622,064 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Exxon Mobil by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company's stock valued at $4,640,756,000 after purchasing an additional 4,080,716 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company's stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock worth $3,719,296,000 after buying an additional 5,235,607 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.
Exxon Mobil Stock Performance
The firm's fifty day moving average price is $118.51 and its 200-day moving average price is $116.37. 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 firm has a market cap of $474.71 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 4.70 and a beta of 0.89.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the company posted $2.27 earnings per share. The business's quarterly revenue was down .8% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.
Exxon Mobil Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a dividend of $0.99 per share. 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. This represents a $3.96 annualized dividend and a yield of 3.67%. Exxon Mobil's payout ratio is 49.32%.
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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