Exxon Mobil (NYSE:XOM) Stock Price Down 1.6% - Here's What Happened

Exxon Mobil Corporation (NYSE:XOM - Get Free Report) was down 1.6% on Tuesday . The company traded as low as $109.09 and last traded at $109.99. Approximately 6,189,718 shares were traded during trading, a decline of 60% from the average daily volume of 15,652,256 shares. The stock had previously closed at $111.74.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on XOM shares. Mizuho lowered their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Morgan Stanley cut their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank decreased their price target 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. Finally, UBS Group cut their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Stock Performance

The stock has a market cap of $467.39 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 2.24 and a beta of 0.49. The company's fifty day simple moving average is $106.73 and its two-hundred day simple moving average is $108.54. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90.

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 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the company posted $2.06 EPS. The company's revenue for the quarter was up .1% on a year-over-year basis. On average, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

Hedge Funds Weigh In On Exxon Mobil

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

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.