ExxonMobil (NYSE:XOM) Shares Down 3.9% – Here’s Why

ExxonMobil Corporation (NYSE:XOM) was down 3.9% during trading on Monday. The stock traded as low as $179.67 and last traded at $179.9180. Approximately 15,942,491 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 17,712,787 shares. The stock had previously closed at $187.25.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Analysts raised price targets following the earnings beat. UBS maintained a Buy rating and lifted its target from $199 to $213, while Morgan Stanley raised its target to $187 with an Overweight rating and Wells Fargo increased its target to $189 with an Equal Weight rating. These Analysts Boost Their Forecasts On ExxonMobil After Upbeat Q3 Results
• Positive Sentiment: ExxonMobil reported strong third-quarter profitability. Revenue rose 32.7% year over year to $113.2 billion, while adjusted earnings of $4.23 per share exceeded consensus estimates. Refining-margin gains, LNG expansion and continued shareholder returns supported the results. XOM Q3 Earnings Call Highlights Refining Strength and LNG Expansion
• Positive Sentiment: The company increased its quarterly dividend 3.9% to $1.07 per share, its 44th consecutive annual increase. Exxon also continues to support investors through buybacks, debt reduction and strong free cash flow. Exxon Just Raised Its Dividend By 3.9 Percent
• Positive Sentiment: ExxonMobil agreed to take a 50% stake in Mozambique LNG, expanding its long-term liquefied natural gas growth exposure and strategic investment pipeline. ExxonMobil Takes 50 Percent Stake in Mozambique LNG
• Neutral Sentiment: Fair-value estimates moved modestly higher, from $175.41 to $179.41, suggesting analysts remain constructive but see limited room beyond current valuation. ExxonMobil Stock Fair Value Edges Higher
• Negative Sentiment: Upstream earnings declined about 20% sequentially, highlighting sensitivity to commodity prices and production headwinds. Refining drove much of the quarterly beat, raising questions about how durable the earnings strength will be if refining margins weaken. ExxonMobil Earnings Reveal a Potential Vulnerability
• Negative Sentiment: Crude prices softened and investors took profits after XOM’s sharp post-earnings advance, causing the stock to retreat despite the positive analyst commentary. ExxonMobil Stock Brushing Off Bull Notes After Record High

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on XOM. HSBC reissued a “hold” rating and issued a $90.00 price target on shares of ExxonMobil in a report on Friday, September 25th. TD Cowen upped their price target on ExxonMobil from $168.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, September 28th. Weiss Ratings upgraded ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, September 29th. JPMorgan Chase & Co. lifted their price target on ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, DZ Bank downgraded shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, ExxonMobil currently has a consensus rating of “Moderate Buy” and an average price target of $168.70.

ExxonMobil Price Performance

The stock has a market cap of $745.75 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 0.94 and a beta of 0.21. The company’s 50-day moving average is $167.76 and its 200-day moving average is $154.35. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.11. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. The firm had revenue of $110.50 billion for the quarter, compared to analysts’ expectations of $104.89 billion. During the same period in the prior year, the firm earned $1.88 earnings per share. Equities research analysts expect that ExxonMobil Corporation will post 13.58 earnings per share for the current fiscal year.

ExxonMobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Monday, November 16th. This is a positive change from ExxonMobil’s previous quarterly dividend of $1.03. ExxonMobil’s dividend payout ratio is 42.34%.

Institutional Trading of ExxonMobil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XOM. NBT Bank N.A. bought a new position in ExxonMobil during the third quarter worth about $26,000. Aventus Investment Advisors Inc. bought a new stake in ExxonMobil during the 2nd quarter worth approximately $27,000. Atlantic Private Wealth LLC raised its holdings in shares of ExxonMobil by 776.9% during the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 202 shares during the period. Pioneer Family Office LLC bought a new position in ExxonMobil during the 3rd quarter worth about $42,000. Finally, Financial Connections Group Inc. acquired a new stake in ExxonMobil in the 1st quarter valued at approximately $53,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.