Exxon Mobil (NYSE:XOM) Stock Price Down 1.5%

Exxon Mobil Co. (NYSE:XOM)’s share price traded down 1.5% during trading on Thursday . The company traded as low as $111.14 and last traded at $113.04. 5,746,228 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 16,774,846 shares. The stock had previously closed at $114.77.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Sanford C. Bernstein reduced their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. UBS Group reduced their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Barclays reduced their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 9th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $135.82.

Exxon Mobil Stock Down 1.5 %

The business has a fifty day moving average of $115.88 and a 200 day moving average of $115.58. The firm has a market cap of $445.60 billion, a P/E ratio of 13.85, a P/E/G ratio of 4.86 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter in the prior year, the company posted $1.94 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.36%. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Institutional Investors Weigh In On Exxon Mobil

Several large investors have recently modified their holdings of XOM. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil in the first quarter worth about $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC boosted 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 buying an additional 252 shares during the period. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil during the second quarter worth about $39,000. Finally, POM Investment Strategies LLC boosted its position in shares of Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after buying an additional 340 shares during the period. 61.80% of the stock is currently owned by institutional investors.

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.