Exxon Mobil (NYSE:XOM) Trading Down 0.9% – What’s Next?

Exxon Mobil Co. (NYSE:XOM) fell 0.9% during trading on Monday . The company traded as low as $120.64 and last traded at $120.67. 3,129,779 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 16,204,059 shares. The stock had previously closed at $121.79.

Analysts Set New Price Targets

Several research analysts have weighed in on XOM shares. JPMorgan Chase & Co. upped their target price on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Barclays dropped their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Truist Financial reduced their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Morgan Stanley dropped their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, Mizuho raised their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Trading Down 0.3 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company has a market capitalization of $517.13 billion, a P/E ratio of 14.65, a P/E/G ratio of 5.04 and a beta of 0.90. The company has a 50-day simple moving average of $119.67 and a 200 day simple moving average of $116.57.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.27 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.37%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Institutional Trading of Exxon Mobil

Institutional investors have recently made changes to their positions in the business. WFA Asset Management Corp boosted its position in Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after buying an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in Exxon Mobil during the 1st quarter valued at $933,000. Jacobs Levy Equity Management Inc. raised its position in Exxon Mobil by 29.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 3,352 shares of the oil and gas company’s stock valued at $390,000 after purchasing an additional 762 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in Exxon Mobil in the first quarter worth $83,000. Finally, National Wealth Management Group LLC bought a new stake in shares of Exxon Mobil during the first quarter worth $214,000. 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.