ExxonMobil (NYSE:XOM) Trading Down 1.6% – Should You Sell?

ExxonMobil Corporation (NYSE:XOM) fell 1.6% on Monday . The company traded as low as $152.50 and last traded at $154.5050. 13,947,145 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 19,719,760 shares. The stock had previously closed at $156.94.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil may still offer value: an analysis says its discounted-cash-flow estimate and market multiples indicate the stock could be trading below underlying fundamentals, despite a 227.6% five-year return. ExxonMobil Stock Could Be Cheap On Value Despite A 228% Run
• Neutral Sentiment: ExxonMobil is moving new oil spending toward Nigeria and other African operations, a strategy that could support future production but also introduces execution and geopolitical considerations. ExxonMobil Is Moving New Oil Spending To Nigeria And Africa
• Neutral Sentiment: XOM is receiving unusually high investor attention, but the search-interest report does not identify a new fundamental catalyst by itself. Investors Heavily Search ExxonMobil
• Neutral Sentiment: ExxonMobil is among the major companies reporting during a busy earnings week. The report is a potential catalyst, while broader markets await the Fed’s rate decision and new inflation data. Fed Meeting, Inflation, Boeing, Meta, Apple, Exxon, and More to Watch This Week
• Negative Sentiment: Oil prices fell as Middle East tensions eased, reducing the geopolitical risk premium and pressuring energy shares, including XOM. Exxon Mobil Shares Fall as Oil Prices Tumble

Analyst Ratings Changes

A number of analysts recently issued reports on XOM shares. DZ Bank raised ExxonMobil to a “strong-buy” rating in a research report on Monday, July 6th. Scotiabank lifted their price target on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Weiss Ratings cut ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Morgan Stanley dropped their price objective on ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Finally, Bank of America raised shares of ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price objective on the stock in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $163.25.

ExxonMobil Price Performance

The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $640.42 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 0.64 and a beta of 0.17. The company’s 50-day simple moving average is $145.91 and its 200 day simple moving average is $147.60.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same quarter in the previous year, the firm earned $1.76 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities research analysts forecast that ExxonMobil Corporation will post 11.55 EPS for the current year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

Institutional Investors Weigh In On ExxonMobil

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC grew its position in ExxonMobil by 6.6% in the 4th quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock worth $27,857,000 after purchasing an additional 14,233 shares during the last quarter. Assetmark Inc. raised its position in shares of ExxonMobil by 8.3% during the first quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock valued at $83,525,000 after buying an additional 37,666 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of ExxonMobil by 2.3% in the fourth quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock valued at $126,166,000 after buying an additional 23,668 shares during the period. Midwest Trust Co grew its position in ExxonMobil by 3.9% during the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock worth $120,623,000 after buying an additional 26,411 shares in the last quarter. Finally, King Luther Capital Management Corp grew its position in ExxonMobil by 2.4% during the fourth quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company’s stock worth $200,366,000 after buying an additional 38,492 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.