Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares traded down 0.8% on Friday . The stock traded as low as $107.45 and last traded at $107.70. 3,881,536 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 16,575,760 shares. The stock had previously closed at $108.58.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Barclays reduced their price objective on Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Scotiabank reduced their price objective on 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. Mizuho reduced their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Royal Bank of Canada reduced their price objective on Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating for the company in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $125.50.
Get Our Latest Research Report on XOM
Exxon Mobil Stock Performance
The company has a market capitalization of $451.95 billion, a P/E ratio of 13.38, a PEG ratio of 3.02 and a beta of 0.51. The stock has a fifty day simple moving average of $108.92 and a 200-day simple moving average of $110.71. 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 quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The company 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 business's revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $2.06 earnings per share. Equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Dividend Announcement
The business 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 is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.78%. Exxon Mobil's payout ratio is presently 52.52%.
Institutional Trading of Exxon Mobil
A number of hedge funds and other institutional investors have recently made changes to their positions in XOM. Norges Bank acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $6,936,737,000. Nuveen LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at $2,730,414,000. GQG Partners LLC increased 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 worth $1,197,753,000 after purchasing an additional 10,004,975 shares during the period. GAMMA Investing LLC raised its holdings in Exxon Mobil by 14,242.7% during the 1st 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 last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Exxon Mobil by 14.4% during the 4th 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 last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Company Profile
(
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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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