Exxon Mobil (NYSE:XOM) Stock Price Down 0.4% - What's Next?

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s share price fell 0.4% during mid-day trading on Tuesday . The company traded as low as $105.85 and last traded at $106.07. 1,852,105 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 15,509,638 shares. The stock had previously closed at $106.47.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Piper Sandler cut their price objective on shares of Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Royal Bank of Canada cut their price objective on shares of Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating on the stock in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Trading Down 1.0%

The stock's 50-day simple moving average is $108.92 and its two-hundred day simple moving average is $110.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $454.29 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the previous year, the business earned $2.06 earnings per share. The business's revenue was up .1% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Institutional Trading of Exxon Mobil

Several hedge funds have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $6,936,737,000. Nuveen LLC bought a new stake in shares of Exxon Mobil in the 1st quarter worth about $2,730,414,000. GQG Partners LLC boosted its stake in shares of Exxon Mobil by 15,135.7% during the 1st 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 shares of 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 worth $1,124,787,000 after buying an additional 9,391,614 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Exxon Mobil by 14.4% in the 4th 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 acquiring an additional 5,538,694 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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.

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