Exxon Mobil (NYSE:XOM) Stock Price Down 0.1% After Analyst Downgrade

Exxon Mobil Co. (NYSE:XOM)’s stock price fell 0.1% during trading on Wednesday after UBS Group lowered their price target on the stock from $157.00 to $149.00. UBS Group currently has a buy rating on the stock. Exxon Mobil traded as low as $113.81 and last traded at $114.02. 1,548,430 shares were traded during mid-day trading, a decline of 91% from the average session volume of 16,736,777 shares. The stock had previously closed at $114.18.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company reduced their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Royal Bank of Canada restated a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Truist Financial cut their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Finally, Sanford C. Bernstein cut their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.76.

Institutional Investors Weigh In On Exxon Mobil

Institutional investors have recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new position in shares of Exxon Mobil during the first quarter worth approximately $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil during the 2nd quarter worth $35,000. Anfield Capital Management LLC increased its stake in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC bought a new position in Exxon Mobil during the 2nd quarter worth $39,000. Finally, POM Investment Strategies LLC increased its stake in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

The stock has a 50 day simple moving average of $115.73 and a 200 day simple moving average of $115.25. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market cap of $449.58 billion, a P/E ratio of 13.97, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter last year, the business posted $1.94 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil Co. will post 8.36 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.