Exxon Mobil (NYSE:XOM) Trading Down 2.2% - Should You Sell?

Exxon Mobil Co. (NYSE:XOM - Get Free Report) dropped 2.2% on Tuesday . The company traded as low as $122.14 and last traded at $122.56. Approximately 3,205,802 shares were traded during trading, a decline of 81% from the average daily volume of 16,783,744 shares. The stock had previously closed at $125.37.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XOM. Mizuho upped their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Tuesday. Evercore ISI upgraded Exxon Mobil to a "strong-buy" rating in a research note on Monday, August 5th. Barclays dropped their price target on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Finally, Wells Fargo & Company raised their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. Eight research analysts have rated the stock with 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $133.29.

Exxon Mobil Stock Performance

The company's 50 day simple moving average is $116.50 and its 200 day simple moving average is $116.11. The stock has a market cap of $481.32 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 4.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

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Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion for the quarter, compared to analysts' expectations of $90.09 billion. During the same quarter in the previous year, the company earned $1.94 earnings per share. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Co. will post 8.06 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 46.57%.

Hedge Funds Weigh In On Exxon Mobil

Several hedge funds have recently made changes to their positions in the business. FPC Investment Advisory Inc. purchased a new position in Exxon Mobil in the 1st quarter worth about $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 2nd quarter valued at approximately $35,000. Anfield Capital Management LLC increased its stake 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 buying an additional 252 shares during the period. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the second quarter worth $39,000. Finally, POM Investment Strategies LLC raised its stake 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 purchasing an additional 340 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

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.