Exxon Mobil (NYSE:XOM) Trading Down 1.6% - Here's Why

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price dropped 1.6% during mid-day trading on Monday . The company traded as low as $105.72 and last traded at $106.44. Approximately 3,552,112 shares were traded during trading, a decline of 77% from the average daily volume of 15,512,643 shares. The stock had previously closed at $108.19.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank of Canada dropped their price objective on Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating for the company in a report on Monday, May 5th. Scotiabank cut their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Bernstein Bank increased their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, HSBC lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Trading Down 1.7%

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 cap of $458.55 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The firm's fifty day moving average is $108.98 and its 200-day moving average is $110.77.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results 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. 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.06 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed 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 of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.72%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Institutional Trading of Exxon Mobil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC increased its holdings in shares of Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after acquiring an additional 300 shares in the last quarter. Alaethes Wealth LLC increased its position in shares of Exxon Mobil by 7.2% during the first quarter. Alaethes Wealth LLC now owns 22,130 shares of the oil and gas company's stock worth $2,632,000 after acquiring an additional 1,490 shares in the last quarter. SCS Capital Management LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter worth about $9,321,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Exxon Mobil by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 14,021,729 shares of the oil and gas company's stock valued at $1,667,604,000 after purchasing an additional 658,585 shares during the last quarter. Finally, Woodline Partners LP lifted its holdings in shares of Exxon Mobil by 39.3% in the first quarter. Woodline Partners LP now owns 367,764 shares of the oil and gas company's stock valued at $43,738,000 after purchasing an additional 103,820 shares in the last quarter. 61.80% of the stock is owned by 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.

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