Exxon Mobil (NYSE:XOM) Shares Down 0.6% - What's Next?

Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares were down 0.6% during mid-day trading on Wednesday . The stock traded as low as $103.99 and last traded at $104.33. Approximately 2,901,750 shares traded hands during trading, a decline of 82% from the average daily volume of 16,495,842 shares. The stock had previously closed at $104.95.

Analyst Ratings Changes

Several analysts have recently weighed in on XOM shares. BMO Capital Markets lowered their target price on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research note on Friday, January 31st. Royal Bank of Canada dropped their target price on shares of Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating on the stock in a report on Monday, May 5th. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. HSBC decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Finally, Bernstein Bank raised their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Price Performance

The stock has a fifty day moving average of $108.85 and a 200-day moving average of $110.67. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $450.56 billion, a P/E ratio of 13.33, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.06 EPS. Equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.79%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Institutional Trading of Exxon Mobil

Institutional investors and hedge funds have recently modified their holdings of the stock. 10Elms LLP bought a new stake in Exxon Mobil during the 4th quarter worth approximately $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil during the 1st quarter worth approximately $29,000. Elequin Capital LP bought a new stake in Exxon Mobil during the 1st quarter worth approximately $31,000. Fairway Wealth LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $31,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 238 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

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.

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