Exxon Mobil (NYSE:XOM) Trading Down 1%

Exxon Mobil Co. (NYSE:XOM) shares dropped 1% during mid-day trading on Wednesday . The company traded as low as $116.40 and last traded at $116.50. Approximately 1,946,646 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 16,910,855 shares. The stock had previously closed at $117.68.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research analyst reports. Wolfe Research began coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target for the company. Barclays lowered their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Mizuho increased their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Sanford C. Bernstein lowered 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. Finally, Morgan Stanley reissued an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.56.

Exxon Mobil Price Performance

The company’s fifty day moving average is $115.66 and its 200 day moving average is $114.18. 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 stock has a market cap of $462.63 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91.

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 the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter last year, the firm posted $1.94 earnings per share. Exxon Mobil’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds have recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. bought a new stake in Exxon Mobil in the first quarter worth about $25,000. First Pacific Financial bought a new stake in Exxon Mobil in the first quarter worth about $34,000. Fairway Wealth LLC bought a new stake in Exxon Mobil in the second quarter worth about $35,000. Anfield Capital Management LLC raised its holdings in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares during the period. Finally, Fairscale Capital LLC acquired a new stake in Exxon Mobil during the 2nd quarter worth about $39,000. Institutional investors and hedge funds 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.