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

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Scotiabank decreased their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. UBS Group dropped their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Mizuho lowered their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Stock Performance

The firm has a market capitalization of $444.36 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company's 50 day moving average is $108.26 and its 200-day moving average is $110.33. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the prior year, the firm earned $2.06 earnings per share. Exxon Mobil's revenue was up .1% on a year-over-year basis. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.84%. Exxon Mobil's payout ratio is 52.52%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of XOM. Norges Bank purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $6,936,737,000. Nuveen LLC purchased a new stake in Exxon Mobil during the first quarter worth about $2,730,414,000. GQG Partners LLC boosted its position in Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock worth $1,197,753,000 after purchasing an additional 10,004,975 shares during the period. GAMMA Investing LLC boosted its position in Exxon Mobil by 14,242.7% during the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after purchasing an additional 9,391,614 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares during the period. 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.