Exxon Mobil (NYSE:XOM) Trading Down 1.3% – What’s Next?

Exxon Mobil Co. (NYSE:XOM) was down 1.3% during mid-day trading on Wednesday . The company traded as low as $106.70 and last traded at $107.32. Approximately 5,335,971 shares traded hands during trading, a decline of 55% from the average daily volume of 11,911,865 shares. The stock had previously closed at $108.75.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Piper Sandler cut their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. JPMorgan Chase & Co. reduced their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Barclays dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $128.74.

Exxon Mobil Price Performance

The firm has a 50 day moving average of $114.06 and a 200-day moving average of $115.81. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market cap of $467.55 billion, a P/E ratio of 13.25, a P/E/G ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.27 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.72%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s payout ratio is 49.32%.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the second quarter valued at $35,000. Fairscale Capital LLC purchased a new position in Exxon Mobil during the 2nd quarter valued at about $39,000. Hershey Financial Advisers LLC purchased a new position in Exxon Mobil during the 2nd quarter valued at about $46,000. Peterson Financial Group Inc. purchased a new stake in shares of Exxon Mobil in the 3rd quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil during the third quarter valued at approximately $54,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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.