Exxon Mobil (NYSE:XOM) Stock Price Down 0.1% on Analyst Downgrade

Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares fell 0.1% during mid-day trading on Wednesday after UBS Group lowered their price target on the stock from $157.00 to $149.00. UBS Group currently has a buy rating on the stock. Exxon Mobil traded as low as $113.81 and last traded at $114.02. 1,548,430 shares were traded during trading, a decline of 91% from the average session volume of 16,736,777 shares. The stock had previously closed at $114.18.

XOM has been the subject of several other reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Wells Fargo & Company reduced their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, August 5th. Evercore ISI upgraded Exxon Mobil to a "strong-buy" rating in a research note on Monday, August 5th. Barclays decreased their target price on Exxon Mobil from $147.00 to $142.00 and set an "overweight" rating on the stock in a report on Tuesday, July 9th. Finally, Truist Financial lowered their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a "hold" rating on the stock in a report on Monday, July 22nd. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus target price of $135.76.

Institutional Trading of Exxon Mobil

Several large investors have recently bought and sold shares of the business. Verity & Verity LLC lifted its position in shares of Exxon Mobil by 0.4% during the 2nd quarter. Verity & Verity LLC now owns 138,894 shares of the oil and gas company's stock worth $15,989,000 after purchasing an additional 487 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its position in Exxon Mobil by 6.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 18,557 shares of the oil and gas company's stock valued at $2,136,000 after purchasing an additional 1,134 shares during the period. Cannon Financial Strategists Inc. purchased a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $618,000. Brightwater Advisory LLC purchased a new stake in shares of Exxon Mobil in the second quarter valued at approximately $648,000. Finally, Heritage Wealth Management Inc. acquired a new position in Exxon Mobil during the second quarter worth $2,595,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The company has a 50-day simple moving average of $115.73 and a 200-day simple moving average of $115.25. The stock has a market cap of $451.79 billion, a PE ratio of 13.97, a PEG ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter last year, the firm posted $1.94 EPS. The business's revenue was up 12.2% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued 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 was Thursday, August 15th. Exxon Mobil's dividend payout ratio is currently 46.57%.

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.