Exxon Mobil (NYSE:XOM) Stock Price Down 0.2% – Here’s What Happened

Exxon Mobil Co. (NYSE:XOM)’s stock price traded down 0.2% on Wednesday . The company traded as low as $109.10 and last traded at $109.77. 2,612,243 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 14,759,805 shares. The stock had previously closed at $109.96.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. HSBC lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. 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 report on Thursday, December 12th. BMO Capital Markets lowered their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. TD Cowen cut their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Finally, Mizuho lowered their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Price Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm’s 50 day simple moving average is $109.94 and its 200 day simple moving average is $115.08. The stock has a market capitalization of $481.57 billion, a PE ratio of 13.98, a P/E/G ratio of 2.79 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the business posted $2.48 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.61%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Hedge Funds Weigh In On Exxon Mobil

Several institutional investors and hedge funds have recently modified their holdings of XOM. WR Wealth Planners LLC lifted its holdings in shares of Exxon Mobil by 12.4% during the fourth quarter. WR Wealth Planners LLC now owns 8,066 shares of the oil and gas company’s stock valued at $868,000 after purchasing an additional 891 shares in the last quarter. Conservest Capital Advisors Inc. increased its position in Exxon Mobil by 5.6% in the fourth quarter. Conservest Capital Advisors Inc. now owns 7,464 shares of the oil and gas company’s stock worth $803,000 after buying an additional 397 shares in the last quarter. Maripau Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $358,000. Sage Investment Counsel LLC bought a new stake in Exxon Mobil during the fourth quarter valued at about $1,029,000. Finally, Christian Investment Advisors Inc. purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $491,000. 61.80% of the stock is currently owned by institutional investors.

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.