Exxon Mobil Corporation (XOM) Sets New 1-Year Low at $78.21

Exxon Mobil Corporation (NYSE:XOM)’s share price hit a new 52-week low on Friday . The company traded as low as $78.21 and last traded at $78.21, with a volume of 10,185,135 shares traded. The stock had previously closed at $78.97.

XOM has been the subject of a number of recent analyst reports. Simmons boosted their price objective on shares of Exxon Mobil Corporation from $76.00 to $81.00 and gave the stock a “neutral” rating in a report on Wednesday, April 19th. Morgan Stanley restated a “sell” rating and issued a $85.00 price objective on shares of Exxon Mobil Corporation in a report on Monday, April 24th. UBS AG set a $77.00 price objective on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a report on Tuesday, April 25th. Royal Bank Of Canada restated a “buy” rating and issued a $96.00 price objective on shares of Exxon Mobil Corporation in a report on Tuesday, April 25th. Finally, BMO Capital Markets restated a “hold” rating and issued a $76.00 price objective on shares of Exxon Mobil Corporation in a report on Friday, April 28th. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $84.98.

The company has a market cap of $331.38 billion, a price-to-earnings ratio of 28.19 and a beta of 0.81. The company has a 50 day moving average of $80.50 and a 200 day moving average of $81.75.

Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The firm had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. During the same quarter in the prior year, the business posted $0.41 EPS. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities analysts forecast that Exxon Mobil Corporation will post $3.42 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be given a $0.77 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.94%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is 111.19%.

In other news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the sale, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the stock. Intellectus Partners LLC bought a new stake in shares of Exxon Mobil Corporation during the fourth quarter valued at about $556,000. First Republic Investment Management Inc. raised its stake in shares of Exxon Mobil Corporation by 2.4% in the fourth quarter. First Republic Investment Management Inc. now owns 1,404,093 shares of the oil and gas company’s stock valued at $126,733,000 after buying an additional 32,755 shares during the period. Girard Securities Inc. raised its stake in shares of Exxon Mobil Corporation by 5.6% in the fourth quarter. Girard Securities Inc. now owns 19,269 shares of the oil and gas company’s stock valued at $1,739,000 after buying an additional 1,021 shares during the period. Roundview Capital LLC raised its stake in shares of Exxon Mobil Corporation by 11.1% in the fourth quarter. Roundview Capital LLC now owns 35,910 shares of the oil and gas company’s stock valued at $3,241,000 after buying an additional 3,600 shares during the period. Finally, Managed Asset Portfolios LLC raised its stake in shares of Exxon Mobil Corporation by 3.0% in the fourth quarter. Managed Asset Portfolios LLC now owns 105,913 shares of the oil and gas company’s stock valued at $9,560,000 after buying an additional 3,103 shares during the period. Institutional investors and hedge funds own 50.59% of the company’s stock.

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Exxon Mobil Corporation Company Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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