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

Exxon Mobil Co. (NYSE:XOM) dropped 0.9% during mid-day trading on Wednesday . The company traded as low as $111.42 and last traded at $111.70. Approximately 5,191,901 shares were traded during trading, a decline of 68% from the average daily volume of 16,200,492 shares. The stock had previously closed at $112.67.

Analyst Ratings Changes

A number of brokerages recently commented on XOM. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Wolfe Research boosted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Barclays lowered their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. BMO Capital Markets increased their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Finally, Mizuho boosted their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.84.

Exxon Mobil Price Performance

The business’s 50-day simple moving average is $119.13 and its two-hundred day simple moving average is $116.40. The stock has a market cap of $487.15 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 4.70 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the company posted $2.27 EPS. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. Research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were 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 3.57%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is 49.32%.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds have recently modified their holdings of the business. Fairway Wealth LLC bought a new stake in Exxon Mobil during the second quarter valued at $35,000. Anfield Capital Management LLC raised its position in shares of Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC bought a new position in shares of Exxon Mobil in the 2nd quarter worth $39,000. POM Investment Strategies LLC grew its position in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC bought a new stake in Exxon Mobil during the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

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.