Exxon Mobil (NYSE:XOM) Shares Down 0.8% - Here's Why

Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) dropped 0.8% during mid-day trading on Friday . The company traded as low as $107.45 and last traded at $107.70. Approximately 3,881,536 shares traded hands during trading, a decline of 77% from the average daily volume of 16,575,760 shares. The stock had previously closed at $108.58.

Analysts Set New Price Targets

XOM has been the topic of a number of recent analyst reports. The Goldman Sachs Group reduced their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Morgan Stanley cut their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday. HSBC cut their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Finally, Scotiabank cut their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Down 0.4%

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 company has a market capitalization of $465.85 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The business's 50 day simple moving average is $109.00 and its 200 day simple moving average is $110.91.

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

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.66%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Institutional Inflows and Outflows

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.