Exxon Mobil (NYSE:XOM) Stock Price Down 0.6% After Analyst Downgrade

Shares of Exxon Mobil Co. (NYSE:XOM) were down 0.6% during mid-day trading on Thursday after UBS Group lowered their price target on the stock from $149.00 to $147.00. UBS Group currently has a buy rating on the stock. Exxon Mobil traded as low as $110.78 and last traded at $111.30. Approximately 3,487,961 shares were traded during trading, a decline of 79% from the average daily volume of 16,263,742 shares. The stock had previously closed at $111.92.

XOM has been the topic of a number of other research reports. Barclays lowered their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Wolfe Research upped their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.84.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth about $35,000. Anfield Capital Management LLC raised its stake in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $39,000. POM Investment Strategies LLC grew its position in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC acquired a new stake in Exxon Mobil during the 2nd quarter valued at $46,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.1 %

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 stock has a market cap of $491.50 billion, a P/E ratio of 13.93, a P/E/G ratio of 4.74 and a beta of 0.89. The company has a 50-day simple moving average of $119.34 and a 200-day simple moving average of $116.43.

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 the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is 49.32%.

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.