Exxon Mobil Co. (NYSE:XOM – Get Free Report) dropped 2.7% during mid-day trading on Monday after Wells Fargo & Company lowered their price target on the stock from $139.00 to $135.00. Wells Fargo & Company currently has an overweight rating on the stock. Exxon Mobil traded as low as $113.56 and last traded at $113.67. Approximately 4,906,683 shares changed hands during trading, a decline of 72% from the average daily volume of 17,420,982 shares. The stock had previously closed at $116.88.
XOM has been the topic of a number of other research reports. TD Cowen boosted their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 9th. Sanford C. Bernstein reduced their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Scotiabank increased their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Finally, UBS Group increased their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.39.
Institutional Trading of Exxon Mobil
Several large investors have recently modified their holdings of XOM. Private Advisor Group LLC boosted its holdings in Exxon Mobil by 9.4% during the 2nd quarter. Private Advisor Group LLC now owns 553,508 shares of the oil and gas company’s stock worth $63,645,000 after acquiring an additional 47,517 shares during the last quarter. New York Life Investment Management LLC grew its holdings in shares of Exxon Mobil by 2.7% during the second quarter. New York Life Investment Management LLC now owns 616,908 shares of the oil and gas company’s stock worth $71,018,000 after purchasing an additional 16,365 shares in the last quarter. Northwest Wealth Management LLC boosted its stake in Exxon Mobil by 2.9% in the second quarter. Northwest Wealth Management LLC now owns 14,202 shares of the oil and gas company’s stock worth $1,635,000 after buying an additional 394 shares in the last quarter. Addison Advisors LLC boosted its stake in Exxon Mobil by 0.9% in the second quarter. Addison Advisors LLC now owns 21,613 shares of the oil and gas company’s stock worth $2,488,000 after buying an additional 199 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Exxon Mobil by 6.9% in the second quarter. Parkside Financial Bank & Trust now owns 27,357 shares of the oil and gas company’s stock valued at $3,149,000 after purchasing an additional 1,766 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.
Exxon Mobil Stock Performance
The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a market cap of $452.54 billion, a P/E ratio of 13.93, a P/E/G ratio of 4.51 and a beta of 0.91. The business has a fifty day moving average of $114.02 and a 200 day moving average of $112.27.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.94 earnings per share. On average, equities analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current year.
Exxon Mobil Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.31%. Exxon Mobil’s payout ratio is presently 46.57%.
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.