Exxon Mobil (NYSE:XOM) Shares Down 2.1% - Time to Sell?

Exxon Mobil Corporation (NYSE:XOM - Get Free Report) dropped 2.1% on Friday . The company traded as low as $109.36 and last traded at $109.33. Approximately 8,472,284 shares traded hands during trading, a decline of 50% from the average daily volume of 16,802,064 shares. The stock had previously closed at $111.66.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on XOM. Mizuho dropped their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler increased their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. UBS Group dropped their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average price target of $125.42.

Exxon Mobil Stock Performance

The business has a fifty day simple moving average of $108.65 and a 200-day simple moving average of $108.96. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The firm has a market cap of $465.90 billion, a P/E ratio of 14.36, a P/E/G ratio of 2.09 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly 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. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.06 EPS. On average, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

Institutional Investors Weigh In On Exxon Mobil

Large investors have recently bought and sold shares of the business. Quantinno Capital Management LP increased its holdings in Exxon Mobil by 24.1% in the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after buying an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC bought a new stake in Exxon Mobil in the 4th quarter worth about $55,000. Legacy Trust increased its holdings in Exxon Mobil by 12.7% in the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after buying an additional 997 shares in the last quarter. Paradigm Capital Management LLC NV increased its holdings in Exxon Mobil by 1.6% in the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock worth $1,532,000 after buying an additional 227 shares in the last quarter. Finally, SteelPeak Wealth LLC grew its stake in shares of Exxon Mobil by 24.2% during the 1st quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company's stock valued at $4,605,000 after purchasing an additional 7,543 shares during the period. 61.80% of the stock is currently 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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