ExxonMobil (NYSE:XOM) Stock Price Down 3.1% – Time to Sell?

ExxonMobil Corporation (NYSE:XOM)’s share price was down 3.1% during trading on Monday . The stock traded as low as $157.94 and last traded at $158.40. Approximately 15,219,779 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 18,606,561 shares. The stock had previously closed at $163.54.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. Zacks Research cut shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Barclays lowered their target price on shares of ExxonMobil from $182.00 to $177.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Mizuho decreased their price target on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. DZ Bank cut ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 target price for the company. in a report on Tuesday, August 4th. Finally, Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Ten analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $167.45.

ExxonMobil Trading Up 1.6%

The firm’s 50 day moving average price is $158.76 and its 200-day moving average price is $153.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a market cap of $668.61 billion, a P/E ratio of 20.80, a P/E/G ratio of 0.97 and a beta of 0.18.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The business had revenue of $114.53 billion during the quarter, compared to analysts’ expectations of $109.94 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. As a group, equities research analysts forecast that ExxonMobil Corporation will post 11.93 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, August 17th. ExxonMobil’s dividend payout ratio is 53.02%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in ExxonMobil during the fourth quarter valued at approximately $7,625,063,000. Bank of New York Mellon Corp lifted its position in shares of ExxonMobil by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock worth $5,608,488,000 after buying an additional 531,362 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of ExxonMobil by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock valued at $4,812,790,000 after acquiring an additional 1,540,902 shares during the last quarter. Amundi lifted its position in ExxonMobil by 5.1% during the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock valued at $4,158,563,000 after purchasing an additional 1,192,386 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of ExxonMobil by 3.4% in the 4th quarter. Invesco Ltd. now owns 17,367,358 shares of the oil and gas company’s stock worth $2,089,988,000 after buying an additional 577,181 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.

Through its product solutions businesses, ExxonMobil manufactures and markets lubricants, specialty fluids, petroleum-derived products and chemical products, including commodity and performance chemicals used in packaging, automotive components, construction materials and other industrial applications.