Exxon Mobil (NYSE:XOM) Trading Down 0.2% – Should You Sell?

Shares of Exxon Mobil Co. (NYSE:XOM) fell 0.2% on Wednesday . The company traded as low as $120.80 and last traded at $121.85. 2,295,823 shares were traded during mid-day trading, a decline of 86% from the average session volume of 16,769,000 shares. The stock had previously closed at $122.04.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on XOM shares. BMO Capital Markets boosted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Barclays decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Wolfe Research began coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. Finally, Truist Financial dropped their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.72.

Exxon Mobil Price Performance

The company has a market cap of $482.86 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 4.86 and a beta of 0.89. The company’s fifty day moving average price is $116.58 and its two-hundred day moving average price is $116.17. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the previous year, the firm earned $1.94 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Co. will post 8.06 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.10%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Hedge Funds Weigh In On Exxon Mobil

Hedge funds have recently bought and sold shares of the business. Patron Partners LLC increased its holdings in Exxon Mobil by 7.4% in the 2nd quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock valued at $4,294,000 after buying an additional 2,564 shares during the period. YHB Investment Advisors Inc. lifted its stake in Exxon Mobil by 5.9% in the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock valued at $3,770,000 after purchasing an additional 1,836 shares during the last quarter. Cooksen Wealth LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $136,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Exxon Mobil by 79.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock valued at $98,914,000 after acquiring an additional 380,399 shares during the last quarter. Finally, Blair William & Co. IL raised its holdings in Exxon Mobil by 64.6% in the 2nd quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock valued at $111,392,000 after buying an additional 379,747 shares during 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.