Exxon Mobil (NYSE:XOM) Stock Price Down 0.4% – Should You Sell?

Exxon Mobil Co. (NYSE:XOM) shares fell 0.4% during trading on Friday . The stock traded as low as $106.48 and last traded at $106.49. 4,968,366 shares changed hands during trading, a decline of 61% from the average session volume of 12,872,132 shares. The stock had previously closed at $106.93.

Analyst Ratings Changes

Several equities research analysts have weighed in on XOM shares. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a report on Wednesday, October 9th. Truist Financial cut their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Bank of America initiated coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. UBS Group lowered their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.74.

Exxon Mobil Stock Performance

The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average price is $113.49 and its two-hundred day moving average price is $115.65. The stock has a market capitalization of $468.25 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91.

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 net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. As a group, equities research analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.72%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Institutional Trading of Exxon Mobil

Institutional investors have recently modified their holdings of the stock. Eagle Capital Management LLC raised its holdings in Exxon Mobil by 4.9% in the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after acquiring an additional 114 shares during the last quarter. Quest Partners LLC purchased a new position in Exxon Mobil during the second quarter worth approximately $399,000. Studio Investment Management LLC boosted its stake in Exxon Mobil by 17.6% during the second quarter. Studio Investment Management LLC now owns 9,193 shares of the oil and gas company’s stock worth $1,058,000 after buying an additional 1,377 shares during the last quarter. Athena Investment Management grew its holdings in Exxon Mobil by 4.2% in the 2nd quarter. Athena Investment Management now owns 12,379 shares of the oil and gas company’s stock valued at $1,425,000 after buying an additional 503 shares in the last quarter. Finally, Kinsale Capital Group Inc. increased its stake in shares of Exxon Mobil by 19.1% in the 2nd quarter. Kinsale Capital Group Inc. now owns 55,583 shares of the oil and gas company’s stock worth $6,399,000 after acquiring an additional 8,931 shares during the last quarter. 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.