Exxon Mobil (NYSE:XOM) Stock Price Down 0.2%

Exxon Mobil Co. (NYSE:XOM)’s stock price dropped 0.2% on Monday . The stock traded as low as $116.29 and last traded at $117.94. Approximately 13,284,601 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 16,904,980 shares. The stock had previously closed at $118.13.

Wall Street Analysts Forecast Growth

XOM has been the subject of several analyst reports. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Wells Fargo & Company decreased their target price on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. Finally, Truist Financial decreased their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.29.

Exxon Mobil Stock Down 2.1 %

The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a market cap of $455.42 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 4.70 and a beta of 0.91. The stock has a fifty day moving average price of $116.03 and a two-hundred day moving average price of $114.68.

Exxon Mobil (NYSE:XOM) last posted its quarterly 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 business 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 16.07% and a net margin of 9.73%. Exxon Mobil’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 earnings per share. As a group, sell-side analysts expect that Exxon Mobil Co. will post 8.37 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil in the first quarter valued at about $25,000. First Pacific Financial acquired a new position in Exxon Mobil during the first quarter worth about $34,000. Fairway Wealth LLC acquired a new position in Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC raised its stake in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares in the last quarter. Finally, Fairscale Capital LLC acquired a new position in Exxon Mobil during the second quarter worth about $39,000. 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.