Exxon Mobil (NYSE:XOM) Stock Price Down 0.1% – Here’s What Happened

Shares of Exxon Mobil Co. (NYSE:XOM) were down 0.1% during trading on Monday . The stock traded as low as $122.61 and last traded at $123.54. Approximately 1,299,558 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 16,659,807 shares. The stock had previously closed at $123.61.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on XOM. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Tuesday, October 8th. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Barclays decreased their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Wolfe Research started coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $131.88.

Exxon Mobil Stock Performance

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 firm’s fifty day moving average price is $117.22 and its 200-day moving average price is $116.43. The firm has a market cap of $475.80 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter last year, the company posted $1.94 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.15%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds and other institutional investors have recently made changes to their positions in XOM. Congress Asset Management Co. MA boosted its stake in shares of Exxon Mobil by 4.7% in the fourth quarter. Congress Asset Management Co. MA now owns 21,981 shares of the oil and gas company’s stock valued at $2,198,000 after buying an additional 990 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of Exxon Mobil during the 4th quarter worth $159,000. Confluence Investment Management LLC acquired a new stake in Exxon Mobil in the 1st quarter valued at about $567,000. Waller Financial Planning Group Inc. increased its holdings in Exxon Mobil by 15.1% during the 1st quarter. Waller Financial Planning Group Inc. now owns 2,569 shares of the oil and gas company’s stock valued at $299,000 after acquiring an additional 337 shares in the last quarter. Finally, Avondale Wealth Management raised its position in Exxon Mobil by 30.7% during the first quarter. Avondale Wealth Management now owns 4,149 shares of the oil and gas company’s stock worth $482,000 after acquiring an additional 975 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

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.