Exxon Mobil (NYSE:XOM) Trading Down 1% – Here’s What Happened

Exxon Mobil Co. (NYSE:XOM)’s stock price traded down 1% during mid-day trading on Monday . The stock traded as low as $116.77 and last traded at $118.24. 3,410,418 shares were traded during trading, a decline of 79% from the average session volume of 16,380,677 shares. The stock had previously closed at $119.49.

Analyst Ratings Changes

Several brokerages have recently commented on XOM. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. Morgan Stanley dropped their target price on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Sanford C. Bernstein reduced their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Finally, Truist Financial lowered their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.44.

Exxon Mobil Stock Performance

The firm has a 50 day moving average price of $117.60 and a 200-day moving average price of $116.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The company has a market cap of $462.63 billion, a P/E ratio of 14.38, a P/E/G ratio of 5.00 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the prior year, the business earned $1.94 earnings per share. The company’s revenue was up 12.2% on a year-over-year basis. On average, research analysts predict that Exxon Mobil Co. will post 8.05 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is 46.57%.

Institutional Investors Weigh In On Exxon Mobil

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Red Door Wealth Management LLC increased its position in Exxon Mobil by 9.7% during the first quarter. Red Door Wealth Management LLC now owns 22,285 shares of the oil and gas company’s stock worth $2,590,000 after acquiring an additional 1,966 shares during the period. Trilogy Capital Inc. raised its position in shares of Exxon Mobil by 14.8% during the first quarter. Trilogy Capital Inc. now owns 28,926 shares of the oil and gas company’s stock valued at $3,362,000 after buying an additional 3,727 shares during the last quarter. D.B. Root & Company LLC lifted its stake in shares of Exxon Mobil by 5.9% in the first quarter. D.B. Root & Company LLC now owns 22,772 shares of the oil and gas company’s stock valued at $2,647,000 after buying an additional 1,276 shares during the period. Sandy Cove Advisors LLC grew its position in Exxon Mobil by 39.7% during the first quarter. Sandy Cove Advisors LLC now owns 6,472 shares of the oil and gas company’s stock worth $752,000 after buying an additional 1,839 shares in the last quarter. Finally, Fiduciary Alliance LLC increased its stake in Exxon Mobil by 0.9% during the first quarter. Fiduciary Alliance LLC now owns 14,763 shares of the oil and gas company’s stock valued at $1,727,000 after acquiring an additional 134 shares during the period. 61.80% of the stock is 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.