Exxon Mobil Co. (NYSE:XOM - Get Free Report) was down 1% during trading on Wednesday . The company traded as low as $102.34 and last traded at $102.44. Approximately 3,566,988 shares changed hands during trading, a decline of 77% from the average daily volume of 15,499,390 shares. The stock had previously closed at $103.52.
Analyst Ratings Changes
A number of equities research analysts have recently commented on XOM shares. Piper Sandler downgraded shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Bernstein Bank boosted their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Scotiabank lowered their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average price target of $125.50.
Get Our Latest Stock Report on XOM
Exxon Mobil Trading Down 0.6%
The business's 50-day moving average price is $106.95 and its 200 day moving average price is $109.78. 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 $439.93 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 3.02 and a beta of 0.51.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its 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 net margin of 9.63% and a return on equity of 12.92%. The business 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 company posted $2.06 earnings per share. The business's revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.88%. Exxon Mobil's payout ratio is currently 52.52%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. 10Elms LLP acquired a new stake in Exxon Mobil in the fourth quarter valued at $25,000. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil in the first quarter valued at $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil in the first quarter valued at $31,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $31,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 238 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Company Profile
(
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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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