Exxon Mobil (NYSE:XOM) Shares Down 0.7% – What’s Next?

Exxon Mobil Co. (NYSE:XOM)’s share price was down 0.7% on Tuesday . The stock traded as low as $109.02 and last traded at $109.36. Approximately 3,100,824 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 14,558,754 shares. The stock had previously closed at $110.17.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XOM. JPMorgan Chase & Co. reduced their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Mizuho dropped their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. UBS Group decreased their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. The Goldman Sachs Group boosted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Finally, Wolfe Research raised their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Stock Up 0.7 %

The company has a market cap of $481.18 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 2.86 and a beta of 0.91. The firm has a 50-day moving average price of $110.91 and a 200 day moving average price of $115.33. 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 the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.27 EPS. Sell-side analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Institutional Investors Weigh In On Exxon Mobil

Several hedge funds have recently added to or reduced their stakes in XOM. Valmark Advisers Inc. boosted its holdings in shares of Exxon Mobil by 20.4% during the 4th quarter. Valmark Advisers Inc. now owns 65,009 shares of the oil and gas company’s stock worth $6,993,000 after buying an additional 11,013 shares in the last quarter. MOKAN Wealth Management Inc. acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at about $555,000. Csenge Advisory Group increased its position in Exxon Mobil by 0.7% in the 4th quarter. Csenge Advisory Group now owns 90,403 shares of the oil and gas company’s stock valued at $9,725,000 after buying an additional 587 shares in the last quarter. Copperleaf Capital LLC lifted its holdings in shares of Exxon Mobil by 7.3% in the 4th quarter. Copperleaf Capital LLC now owns 2,532 shares of the oil and gas company’s stock worth $272,000 after purchasing an additional 173 shares in the last quarter. Finally, James Investment Research Inc. increased its stake in Exxon Mobil by 0.4% during the 4th quarter. James Investment Research Inc. now owns 29,706 shares of the oil and gas company’s stock valued at $3,195,000 after purchasing an additional 112 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.