Exxon Mobil (NYSE:XOM) Stock Price Down 0.3% - Here's What Happened

Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares fell 0.3% on Thursday . The stock traded as low as $110.57 and last traded at $111.12. 2,004,351 shares traded hands during trading, a decline of 85% from the average session volume of 13,692,828 shares. The stock had previously closed at $111.51.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Piper Sandler decreased their price objective on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. Wells Fargo & Company upped their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. The Goldman Sachs Group lifted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Truist Financial increased their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a report on Monday. Finally, Redburn Atlantic reaffirmed a "neutral" rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.84.

Exxon Mobil Trading Down 0.1 %

The stock has a market cap of $489.57 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. 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 company's 50-day moving average price is $113.12 and its 200 day moving average price is $115.58.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.27 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio (DPR) is presently 49.32%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the second quarter worth about $35,000. Fairscale Capital LLC purchased a new stake in Exxon Mobil during the 2nd quarter worth approximately $39,000. Hershey Financial Advisers LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth approximately $46,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $46,000. Finally, Peterson Financial Group Inc. purchased a new position in Exxon Mobil in the 3rd quarter valued at approximately $51,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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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