Exxon Mobil (NYSE:XOM) Stock Price Down 1.7% - Here's Why

Exxon Mobil Corporation (NYSE:XOM - Get Free Report)'s stock price was down 1.7% on Monday . The company traded as low as $113.43 and last traded at $113.51. Approximately 2,826,508 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 15,764,841 shares. The stock had previously closed at $115.43.

Analyst Ratings Changes

XOM has been the subject of several research analyst reports. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. TD Cowen boosted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group cut their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Mizuho cut their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.05.

Exxon Mobil Stock Performance

The firm has a market capitalization of $490.88 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50. The stock has a 50-day moving average of $108.01 and a 200 day moving average of $108.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24.

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 analysts' consensus estimates of $1.73 by $0.03. The firm 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 12.06% and a net margin of 9.49%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company earned $2.06 EPS. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in XOM. Park Edge Advisors LLC raised its stake in shares of Exxon Mobil by 0.3% during the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock worth $3,453,000 after buying an additional 91 shares during the last quarter. Axis Wealth Partners LLC raised its stake in Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after purchasing an additional 93 shares during the last quarter. Chapin Davis Inc. lifted its holdings in Exxon Mobil by 2.1% in the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock valued at $497,000 after purchasing an additional 93 shares in the last quarter. Altus Wealth Group LLC lifted its holdings in Exxon Mobil by 0.9% in the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock valued at $1,090,000 after purchasing an additional 94 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its holdings in Exxon Mobil by 11.4% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company's stock valued at $99,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds 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.

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