Exxon Mobil (NYSE:XOM) Stock Price Down 0.7% - Here's What Happened

Exxon Mobil Co. (NYSE:XOM - Get Free Report) was down 0.7% during trading on Monday . The company traded as low as $105.51 and last traded at $105.77. Approximately 2,315,163 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 16,283,611 shares. The stock had previously closed at $106.48.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group increased their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Wolfe Research increased their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Piper Sandler cut their price target on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a report on Thursday, December 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.74.

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Exxon Mobil Stock Performance

The company has a market capitalization of $464.83 billion, a PE ratio of 13.17, a P/E/G ratio of 4.65 and a beta of 0.89. The stock has a 50-day simple moving average of $115.74 and a 200 day simple moving average of $115.93. 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 issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm's revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company earned $2.27 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 7.95 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. 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 3.74%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil's payout ratio is currently 49.32%.

Hedge Funds Weigh In On Exxon Mobil

Hedge funds have recently bought and sold shares of the stock. FMR LLC raised its stake in 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 purchasing an additional 395,218 shares during the last quarter. Geode Capital Management LLC raised its position in shares of 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 buying an additional 1,622,064 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $4,235,972,000 after buying an additional 5,330,887 shares during the period. Legal & General Group Plc boosted its position in Exxon Mobil by 19.3% during the second 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 acquiring an additional 5,235,607 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Exxon Mobil by 16.3% in the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company's stock worth $3,936,929,000 after acquiring an additional 4,415,012 shares during the period. Hedge funds and other institutional investors 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.