Exxon Mobil (NYSE:XOM) Stock Price Down 1.9%

Exxon Mobil Co. (NYSE:XOM)’s stock price traded down 1.9% on Tuesday . The company traded as low as $116.20 and last traded at $116.33. 2,614,899 shares changed hands during trading, a decline of 85% from the average session volume of 17,098,955 shares. The stock had previously closed at $118.53.

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a research note on Tuesday, July 9th. Wolfe Research began coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price on the stock. Mizuho raised their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Sanford C. Bernstein dropped their price target on 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, UBS Group boosted their price objective on Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.56.

Exxon Mobil Stock Down 2.9 %

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The firm’s 50-day moving average price is $114.80 and its two-hundred day moving average price is $113.58. The firm has a market cap of $454.04 billion, a PE ratio of 14.26, a P/E/G ratio of 4.51 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the prior year, the firm posted $1.94 earnings per share. Exxon Mobil’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities research analysts expect that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil in the 1st quarter valued at $25,000. First Pacific Financial purchased a new position in Exxon Mobil during the first quarter worth about $34,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the second quarter valued at about $35,000. Anfield Capital Management LLC boosted its holdings in Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. Finally, Fairscale Capital LLC acquired a new position in Exxon Mobil during the 2nd quarter worth approximately $39,000. 61.80% of the stock is 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.