Exxon Mobil (NYSE:XOM) Shares Down 0.4% – Here’s Why

Exxon Mobil Co. (NYSE:XOM) shares fell 0.4% during mid-day trading on Friday . The stock traded as low as $106.48 and last traded at $106.49. 4,968,366 shares traded hands during trading, a decline of 61% from the average session volume of 12,872,132 shares. The stock had previously closed at $106.93.

Analysts Set New Price Targets

XOM has been the topic of several research analyst reports. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. Truist Financial reduced their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, Wolfe Research upped their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.74.

Exxon Mobil Price Performance

The company’s 50-day simple moving average is $113.66 and its 200 day simple moving average is $115.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company has a market cap of $468.47 billion, a PE ratio of 13.27, a PEG ratio of 4.65 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the firm earned $2.27 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.72%. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in XOM. Ridgewood Investments LLC lifted its stake in Exxon Mobil by 40.2% during the fourth quarter. Ridgewood Investments LLC now owns 4,002 shares of the oil and gas company’s stock worth $431,000 after purchasing an additional 1,148 shares during the last quarter. ST Germain D J Co. Inc. lifted its position in shares of Exxon Mobil by 23.2% during the 4th quarter. ST Germain D J Co. Inc. now owns 203,211 shares of the oil and gas company’s stock worth $21,859,000 after buying an additional 38,235 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of Exxon Mobil by 2.6% in the 4th quarter. ORG Partners LLC now owns 41,016 shares of the oil and gas company’s stock valued at $4,417,000 after buying an additional 1,034 shares in the last quarter. Watts Gwilliam & Co. LLC grew its position in shares of Exxon Mobil by 3.6% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 13,407 shares of the oil and gas company’s stock valued at $1,458,000 after buying an additional 461 shares during the last quarter. Finally, Legacy Private Trust Co. raised its stake in Exxon Mobil by 26.6% during the 4th quarter. Legacy Private Trust Co. now owns 29,072 shares of the oil and gas company’s stock worth $3,127,000 after acquiring an additional 6,112 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

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.