Exxon Mobil (NYSE:XOM) Trading Down 0.6% Following Analyst Downgrade

Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares were down 0.6% during mid-day trading on Thursday after UBS Group lowered their price target on the stock from $149.00 to $147.00. UBS Group currently has a buy rating on the stock. Exxon Mobil traded as low as $110.78 and last traded at $111.30. Approximately 3,487,961 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 16,263,742 shares. The stock had previously closed at $111.92.

XOM has been the topic of several other reports. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. TD Cowen boosted their price objective on shares of Exxon Mobil from $127.00 to $132.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a "neutral" rating and a $124.00 price objective on the stock. Scotiabank upgraded shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, BMO Capital Markets boosted their price objective 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. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $129.84.

Institutional Inflows and Outflows

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

Exxon Mobil Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company's 50-day simple moving average is $119.34 and its 200-day simple moving average is $116.43. The company has a market cap of $491.50 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 4.74 and a beta of 0.89.

Exxon Mobil (NYSE:XOM - Get Free Report) 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. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the company earned $2.27 earnings per share. Exxon Mobil's revenue for the quarter was down .8% on a year-over-year basis. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed 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 an increase from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.54%. Exxon Mobil's dividend payout ratio (DPR) is 49.32%.

About Exxon Mobil

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.