Dow Today: Exxon Mobil Corporation (XOM) Lower

The Dow Jones Industrial Average ( ^DJI) is trading up 73 points (+0.6%) at 12,910 as of Thursday, Mar 8, 2012, 12:39 p.m. ET. During this time, 299.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 2,238 issues advancing vs. 679 declining with 112 unchanged.

Holding back the Dow today is Exxon Mobil Corporation (NYSE: XOM), which is lagging the broader Dow index with an 85-cent decline (-1%) bringing the stock to $84.98. Volume for Exxon Mobil Corporation currently sits at 10 million shares traded vs. an average daily trading volume of 18.9 million shares.

Exxon Mobil Corporation has a market cap of $417.87 billion and is part of the basic materials sector and energy industry. Shares are up 1.3% year to date as of Wednesday's close. The stock's dividend yield sits at 2.2%.

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products, as well as transportation and sale of crude oil, natural gas, and petroleum products. The company has a P/E ratio of 10.2, below the average energy industry P/E ratio of 10.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Exxon Mobil Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
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