Exxon Mobil (NYSE:XOM) Shares Gap Down to $44.03

Exxon Mobil Co. (NYSE:XOM) gapped down prior to trading on Thursday . The stock had previously closed at $44.93, but opened at $44.03. Exxon Mobil shares last traded at $41.87, with a volume of 29,722,947 shares trading hands.

A number of research analysts have commented on the stock. Scotiabank dropped their price objective on shares of Exxon Mobil from $50.00 to $47.00 and set a “sector underperform” rating on the stock in a research note on Monday, July 13th. Credit Suisse Group lifted their price objective on shares of Exxon Mobil from $37.00 to $45.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Cowen restated a “hold” rating and issued a $34.00 price objective on shares of Exxon Mobil in a research note on Thursday, July 2nd. Bank of America restated a “buy” rating and issued a $70.00 price objective on shares of Exxon Mobil in a research note on Monday, May 4th. Finally, Standpoint Research lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Five equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.17.

The company has a market cap of $177.04 billion, a PE ratio of 15.76 and a beta of 1.33. The company has a quick ratio of 0.52, a current ratio of 0.78 and a debt-to-equity ratio of 0.17. The firm’s fifty day simple moving average is $44.44 and its 200-day simple moving average is $48.35.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The business had revenue of $32.61 billion during the quarter, compared to analysts’ expectations of $38.16 billion. During the same period last year, the company earned $0.61 EPS. The firm’s revenue for the quarter was down 52.8% on a year-over-year basis. On average, analysts predict that Exxon Mobil Co. will post -0.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 13th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 8.27%. The ex-dividend date of this dividend is Wednesday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. TFO TDC LLC lifted its stake in shares of Exxon Mobil by 137.4% during the first quarter. TFO TDC LLC now owns 864 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 500 shares during the period. Reitz Capital Advisors LLC purchased a new position in shares of Exxon Mobil during the second quarter valued at approximately $33,000. PrairieView Partners LLC purchased a new position in shares of Exxon Mobil during the first quarter valued at approximately $37,000. Capstone Financial Group Inc. lifted its stake in shares of Exxon Mobil by 49.0% during the second quarter. Capstone Financial Group Inc. now owns 1,116 shares of the oil and gas company’s stock valued at $48,000 after buying an additional 367 shares during the period. Finally, Avondale Wealth Management purchased a new position in shares of Exxon Mobil during the first quarter valued at approximately $52,000. 52.16% of the stock is currently owned by institutional investors.

Exxon Mobil Company Profile (NYSE:XOM)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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