Exxon Mobil (NYSE:XOM) Stock Price Down 1.1% - Here's Why

Exxon Mobil Co. (NYSE:XOM - Get Free Report) fell 1.1% during mid-day trading on Tuesday . The company traded as low as $118.73 and last traded at $119.01. 2,723,210 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 16,261,896 shares. The stock had previously closed at $120.31.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Redburn Atlantic reaffirmed a "neutral" rating and set a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Mizuho upped their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Barclays lowered their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Monday, November 4th. Finally, Bank of America assumed coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a "neutral" rating and a $124.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned 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 has an average rating of "Moderate Buy" and an average price target of $130.21.

Exxon Mobil Stock Down 1.7 %

The firm's 50-day moving average price is $118.59 and its 200-day moving average price is $116.42. The company has a market cap of $519.76 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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 net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The business's quarterly revenue was down .8% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.35%. Exxon Mobil's dividend payout ratio is 49.32%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the 2nd quarter valued at approximately $35,000. Anfield Capital Management LLC boosted its stake in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock valued at $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth approximately $39,000. POM Investment Strategies LLC raised its stake in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock valued at $43,000 after purchasing an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC acquired a new stake in Exxon Mobil during the second quarter valued at approximately $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.

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