Exxon Mobil (NYSE:XOM) Stock Price Down 0% - Here's What Happened

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s share price was down 0% on Wednesday . The stock traded as low as $104.08 and last traded at $104.67. Approximately 2,454,104 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 15,625,519 shares. The stock had previously closed at $104.71.

Wall Street Analyst Weigh In

XOM has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. HSBC dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a report on Friday, January 31st. Barclays reduced their price target on shares of Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating on the stock in a research report on Monday. BMO Capital Markets reduced their price target on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a report on Friday, January 31st. Finally, UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $125.85.

Exxon Mobil Stock Performance

The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The business's fifty day simple moving average is $108.97 and its 200-day simple moving average is $111.30. The firm has a market cap of $464.10 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

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 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the previous year, the firm earned $2.06 EPS. The firm's revenue was up .1% compared to the same quarter last year. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.69%. Exxon Mobil's dividend payout ratio is presently 52.52%.

Institutional Investors Weigh In On Exxon Mobil

Several large investors have recently added to or reduced their stakes in the business. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil during the 1st quarter valued at $29,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter worth about $32,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $36,000. 61.80% of the stock is owned by hedge funds and other 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.