Exxon Mobil (NYSE:XOM) Stock Price Down 0.4% – Here’s What Happened

Exxon Mobil Co. (NYSE:XOM) fell 0.4% during mid-day trading on Friday . The stock traded as low as $119.66 and last traded at $120.68. 3,197,074 shares were traded during mid-day trading, a decline of 80% from the average session volume of 16,336,120 shares. The stock had previously closed at $121.15.

Analyst Ratings Changes

Several research analysts recently weighed in on XOM shares. Morgan Stanley reduced their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Redburn Atlantic reissued a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Truist Financial lowered their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Sanford C. Bernstein reduced their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Finally, Mizuho lifted their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Price Performance

The stock has a 50-day simple moving average of $117.91 and a 200 day simple moving average of $116.40. The company has a market cap of $532.29 billion, a PE ratio of 15.08, a P/E/G ratio of 5.07 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

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 (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 EPS. Equities analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Institutional Trading of Exxon Mobil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XOM. German American Bancorp Inc. increased its stake in Exxon Mobil by 9.0% during the third quarter. German American Bancorp Inc. now owns 78,648 shares of the oil and gas company’s stock worth $9,219,000 after purchasing an additional 6,466 shares during the period. Cypress Capital Group increased its stake in Exxon Mobil by 0.3% during the 3rd quarter. Cypress Capital Group now owns 141,031 shares of the oil and gas company’s stock worth $16,532,000 after buying an additional 428 shares during the period. Creekside Partners acquired a new stake in Exxon Mobil during the 3rd quarter worth approximately $201,000. Cornerstone Advisors LLC boosted its position in Exxon Mobil by 7.1% in the 3rd quarter. Cornerstone Advisors LLC now owns 264,427 shares of the oil and gas company’s stock valued at $30,996,000 after buying an additional 17,600 shares during the period. Finally, Citizens Financial Group Inc. RI grew its stake in shares of Exxon Mobil by 8.1% in the third quarter. Citizens Financial Group Inc. RI now owns 321,423 shares of the oil and gas company’s stock worth $37,677,000 after acquiring an additional 24,138 shares in the last quarter. Hedge funds and other institutional investors 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.