Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s share price was down 0.1% during trading on Thursday after Piper Sandler lowered their price target on the stock from $138.00 to $127.00. Piper Sandler currently has an overweight rating on the stock. Exxon Mobil traded as low as $106.20 and last traded at $106.33. Approximately 3,832,345 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 16,268,445 shares. The stock had previously closed at $106.42.
Other equities analysts have also recently issued reports about the stock. Mizuho dropped their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating on the stock in a research note on Monday. BNP Paribas cut Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. Wolfe Research upped their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Redburn Atlantic reiterated a "neutral" rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $128.74.
Check Out Our Latest Report on XOM
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the second quarter worth approximately $35,000. Anfield Capital Management LLC boosted its holdings in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock valued at $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter valued at $39,000. POM Investment Strategies LLC increased its holdings in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock worth $43,000 after buying an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter worth $46,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Stock Down 0.9 %
The stock has a fifty day moving average of $117.92 and a two-hundred day moving average of $116.24. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market cap of $463.73 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 4.70 and a beta of 0.89.
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 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 revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 EPS. As a group, analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.
Exxon Mobil Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil's payout ratio is currently 49.32%.
About Exxon Mobil
(
Get Free Report)
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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