Exxon Mobil (NYSE:XOM) Trading Down 1.3% – Time to Sell?

Exxon Mobil Co. (NYSE:XOM) traded down 1.3% during trading on Wednesday . The stock traded as low as $106.70 and last traded at $107.32. 5,335,971 shares were traded during trading, a decline of 55% from the average session volume of 11,911,865 shares. The stock had previously closed at $108.75.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent research reports. Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Wolfe Research lifted their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. BMO Capital Markets raised their price target 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research report on Thursday, December 12th. Finally, UBS Group decreased their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $128.74.

Exxon Mobil Stock Down 2.2 %

The stock has a market capitalization of $467.55 billion, a PE ratio of 13.25, a P/E/G ratio of 4.65 and a beta of 0.91. The stock’s fifty day simple moving average is $114.06 and its 200-day simple moving average is $115.81. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating 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 return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.27 earnings per share. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors have recently made changes to their positions in the stock. Eagle Capital Management LLC lifted its stake in shares of Exxon Mobil by 4.9% in the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after acquiring an additional 114 shares during the last quarter. Savant Capital LLC grew its holdings in shares of Exxon Mobil by 11.1% in the second quarter. Savant Capital LLC now owns 215,544 shares of the oil and gas company’s stock worth $24,813,000 after purchasing an additional 21,588 shares during the last quarter. Advisor OS LLC grew its holdings in Exxon Mobil by 6.1% in the 2nd quarter. Advisor OS LLC now owns 16,423 shares of the oil and gas company’s stock worth $1,891,000 after acquiring an additional 939 shares during the last quarter. Lake Street Advisors Group LLC increased its position in shares of Exxon Mobil by 130.2% in the second quarter. Lake Street Advisors Group LLC now owns 57,423 shares of the oil and gas company’s stock valued at $6,610,000 after acquiring an additional 32,482 shares during the period. Finally, Cahaba Wealth Management Inc. raised its stake in shares of Exxon Mobil by 3.5% during the second quarter. Cahaba Wealth Management Inc. now owns 9,344 shares of the oil and gas company’s stock valued at $1,076,000 after acquiring an additional 318 shares during the last quarter. Institutional investors 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.