Exxon Mobil (NYSE:XOM) Stock Price Down 0.1% - Time to Sell?

Exxon Mobil Co. (NYSE:XOM - Get Free Report) was down 0.1% during mid-day trading on Monday . The company traded as low as $120.09 and last traded at $121.00. Approximately 2,516,109 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 16,320,398 shares. The stock had previously closed at $121.11.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on XOM shares. The Goldman Sachs Group raised their price target on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. BNP Paribas downgraded Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price for the company. in a research report on Wednesday, October 9th. Sanford C. Bernstein reduced their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 17th. Bank of America assumed coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a "neutral" rating and a $124.00 target price on the stock. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $120.00 price target on shares of Exxon Mobil in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $129.95.

Exxon Mobil Trading Down 0.6 %

The business's 50-day moving average is $117.91 and its two-hundred day moving average is $116.33. The stock has a market capitalization of $528.95 billion, a PE ratio of 15.07, a PEG ratio of 5.08 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced 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 firm had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. During the same period in the prior year, the firm earned $2.27 EPS. The business's revenue was down .8% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm 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 $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.29%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil's dividend payout ratio is presently 47.32%.

Hedge Funds Weigh In On Exxon Mobil

Several institutional investors have recently added to or reduced their stakes in XOM. Price T Rowe Associates Inc. MD grew its position in Exxon Mobil by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company's stock valued at $5,249,607,000 after buying an additional 2,676,652 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 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 acquiring an additional 4,080,716 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 acquiring an additional 5,330,887 shares during the period. Legal & General Group Plc lifted its position in Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock valued at $3,719,296,000 after purchasing an additional 5,235,607 shares during the period. Finally, Capital International Investors boosted its holdings in Exxon Mobil by 25.1% in the 1st quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company's stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

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.

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