Exxon Mobil (NYSE:XOM) Stock Price Down 1.1% Following Analyst Downgrade

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s share price fell 1.1% during trading on Wednesday after Piper Sandler lowered their price target on the stock from $127.00 to $125.00. Piper Sandler currently has an overweight rating on the stock. Exxon Mobil traded as low as $107.93 and last traded at $108.23. 3,280,481 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 15,526,495 shares. The stock had previously closed at $109.46.

Several other research analysts have also recently issued reports on XOM. Royal Bank of Canada dropped their price objective on Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating on the stock in a research note on Monday, May 5th. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. Morgan Stanley dropped their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. The Goldman Sachs Group dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $125.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. 10Elms LLP acquired a new position in shares of Exxon Mobil during the 4th quarter worth approximately $25,000. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil during the first quarter valued at $29,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the fourth quarter valued at $31,000. Elequin Capital LP purchased a new position in Exxon Mobil during the first quarter valued at $31,000. Finally, Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

The stock has a market capitalization of $467.55 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The stock's 50 day moving average is $109.08 and its two-hundred day moving average is $111.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 EPS. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. Exxon Mobil's dividend payout ratio is presently 52.52%.

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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