NEW YORK (TheStreet) -- ExxonMobil (XOM) - Get Report stock is tumbling 2.22% to $75 on Wednesday after Tudor Pickering Holt yesterday slashed its rating on the oil and gas giant to "sell" from "hold."
"We see no reason for Exxon to continue to trade at a significant premium to its integrated peers with better risk adjusted dividend yields available elsewhere," analysts said, according to Barron's.com.
The firm added that the company no longer has the stand-out balance sheet.
Earlier this morning, ExxonMobil declared a cash dividend of 73 cents a share, payable on March 10, 2016 to shareholders of record of common stock at the close of business on February 11, 2016.
The first quarter dividend is unchanged from the dividend paid in the fourth quarter of 2015.
Separately, TheStreet Ratings currently has a Hold rating on the stock with a letter grade of C.
The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: XOM