Exxon Mobil (NYSE:XOM) Shares Down 0.8% - Time to Sell?

Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) dropped 0.8% on Friday . The stock traded as low as $119.18 and last traded at $119.35. Approximately 2,637,781 shares changed hands during trading, a decline of 84% from the average daily volume of 16,560,350 shares. The stock had previously closed at $120.35.

Analysts Set New Price Targets

XOM has been the topic of several research reports. UBS Group dropped their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Sanford C. Bernstein cut their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating for the company in a research note on Wednesday, July 17th. Redburn Atlantic restated a "neutral" rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Barclays dropped their price target on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. Finally, Mizuho increased their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $131.44.

Exxon Mobil Trading Down 0.3 %

The company's 50 day simple moving average is $117.37 and its two-hundred day simple moving average is $116.49. The stock has a market cap of $473.16 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 5.02 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.

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. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period last year, the company earned $1.94 earnings per share. Exxon Mobil's quarterly revenue was up 12.2% compared to the same quarter last year. Research analysts expect that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.17%. Exxon Mobil's payout ratio is 46.57%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XOM. Patron Partners LLC lifted its position in shares of Exxon Mobil by 7.4% in the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company's stock worth $4,294,000 after buying an additional 2,564 shares during the last quarter. YHB Investment Advisors Inc. lifted its holdings in Exxon Mobil by 5.9% in the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company's stock worth $3,770,000 after purchasing an additional 1,836 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Exxon Mobil by 79.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company's stock worth $98,914,000 after purchasing an additional 380,399 shares during the period. Blair William & Co. IL grew its holdings in Exxon Mobil by 64.6% during the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company's stock valued at $111,392,000 after purchasing an additional 379,747 shares during the last quarter. Finally, Lloyd Advisory Services LLC. raised its position in shares of Exxon Mobil by 407.5% in the first quarter. Lloyd Advisory Services LLC. now owns 24,115 shares of the oil and gas company's stock valued at $2,804,000 after purchasing an additional 19,363 shares during the period. Institutional investors 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.