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

Exxon Mobil Co. (NYSE:XOM) shares fell 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. 3,487,961 shares were traded during mid-day trading, a decline of 79% from the average session volume of 16,263,742 shares. The stock had previously closed at $111.92.

A number of other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. TD Cowen boosted their price objective on shares of Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. 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. Mizuho boosted their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.84.

Institutional Inflows and Outflows

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

Exxon Mobil Trading Up 0.2 %

The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $492.91 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 4.74 and a beta of 0.89. The firm’s 50-day moving average is $119.34 and its 200 day moving average is $116.43.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.27 earnings per share. On average, equities analysts predict that Exxon Mobil Co. will post 7.94 earnings per share 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 $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. Exxon Mobil’s dividend payout ratio is presently 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.