Exxon Mobil (NYSE:XOM) Stock Price Down 1.9%

Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) dropped 1.9% during mid-day trading on Tuesday . The company traded as low as $116.20 and last traded at $116.33. Approximately 2,614,899 shares changed hands during trading, a decline of 85% from the average daily volume of 17,098,955 shares. The stock had previously closed at $118.53.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Morgan Stanley reissued an "overweight" rating and set a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Barclays reduced their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 9th. Truist Financial reduced their price objective on shares of Exxon Mobil from $124.00 to $121.00 and set a "hold" rating on the stock in a research note on Monday, July 22nd. Wells Fargo & Company reduced their price objective on shares of Exxon Mobil from $139.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, August 5th. Finally, Wolfe Research started coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an "outperform" rating and a $146.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $134.56.

Exxon Mobil Stock Performance

The stock has a market capitalization of $451.79 billion, a PE ratio of 14.26, a PEG ratio of 4.51 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average price of $114.80 and a 200-day moving average price of $113.58.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analysts' expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $1.94 earnings per share. Research analysts expect that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Thursday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 46.57%.

Institutional Trading of Exxon Mobil

Institutional investors have recently made changes to their positions in the company. Pathway Financial Advisers LLC boosted its stake in Exxon Mobil by 10.9% during the second quarter. Pathway Financial Advisers LLC now owns 4,399 shares of the oil and gas company's stock worth $504,000 after buying an additional 434 shares during the last quarter. HFG Wealth Management LLC boosted its stake in Exxon Mobil by 5.1% during the second quarter. HFG Wealth Management LLC now owns 38,012 shares of the oil and gas company's stock worth $4,376,000 after buying an additional 1,854 shares during the last quarter. Old North State Trust LLC boosted its stake in Exxon Mobil by 71.6% during the second quarter. Old North State Trust LLC now owns 8,799 shares of the oil and gas company's stock worth $1,013,000 after buying an additional 3,671 shares during the last quarter. HWG Holdings LP acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $333,000. Finally, Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $46,000. 61.80% of the stock is 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.