Exxon Mobil (NYSE:XOM) Stock Price Down 0.7% – Here’s What Happened

Exxon Mobil Co. (NYSE:XOM) dropped 0.7% during mid-day trading on Tuesday . The stock traded as low as $109.02 and last traded at $109.36. Approximately 3,100,824 shares changed hands during trading, a decline of 79% from the average daily volume of 14,558,754 shares. The stock had previously closed at $110.17.

Wall Street Analysts Forecast Growth

XOM has been the topic of several analyst reports. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Mizuho reduced their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Barclays dropped their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. UBS Group dropped their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, Wolfe Research increased their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

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 company’s 50-day moving average price is $111.35 and its two-hundred day moving average price is $115.41. The company has a market capitalization of $474.64 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 2.86 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the company posted $2.27 earnings per share. Exxon Mobil’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.67%. Exxon Mobil’s dividend payout ratio is 49.32%.

Institutional Investors Weigh In On Exxon Mobil

Several large investors have recently modified their holdings of XOM. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the fourth quarter worth $36,000. Hershey Financial Advisers LLC acquired a new stake in Exxon Mobil in the second quarter worth $46,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil in the fourth quarter worth $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the third quarter worth $51,000. Finally, Compass Financial Services Inc acquired a new stake in Exxon Mobil in the fourth quarter worth $48,000. 61.80% of the stock is currently 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.