Exxon Mobil (NYSE:XOM) Shares Down 0.8% Following Analyst Downgrade

Exxon Mobil Co. (NYSE:XOM - Get Free Report) traded down 0.8% during trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $130.00 to $125.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Exxon Mobil traded as low as $109.55 and last traded at $109.92. 3,362,943 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 16,242,136 shares. The stock had previously closed at $110.84.

Several other brokerages also recently weighed in on XOM. Redburn Atlantic restated a "neutral" rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Scotiabank upgraded Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Truist Financial cut their price target on Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a research note on Monday, September 30th. Wells Fargo & Company raised their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. Finally, UBS Group cut their target price on Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.68.

Institutional Trading of Exxon Mobil

Several hedge funds have recently made changes to their positions in XOM. Fairway Wealth LLC bought a new stake in Exxon Mobil in the second quarter valued at $35,000. Anfield Capital Management LLC lifted its position in 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 acquired a new position in Exxon Mobil during the 2nd quarter valued at about $39,000. POM Investment Strategies LLC grew its position in 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 worth $43,000 after purchasing an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at approximately $46,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a fifty day moving average price of $118.51 and a two-hundred day moving average price of $116.37. The company has a market cap of $476.65 billion, a P/E ratio of 13.51, a PEG ratio of 4.70 and a beta of 0.89.

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 for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the business earned $2.27 EPS. The firm's revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio is currently 49.32%.

About Exxon Mobil

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.