Dow Today: Exxon Mobil Corporation (XOM) Lags

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average ( ^DJI) closed down 266.0 points (-1.8%) at 14,599. During the day, 667.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 600 million. The NYSE advances/declines ratio closed at 372 issues advancing vs. 2,686 declining with 78 unchanged.
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Holding the Dow back today was Exxon Mobil Corporation (NYSE: XOM), which lagged the broader Dow index with a $2.50 decline (-2.8%) bringing the stock to $86.49. This single loss is lowering the Dow Jones Industrial Average by 18.92 points or roughly accounting for 7.1% of the Dow's overall loss. Volume for Exxon Mobil Corporation ended the day at 19.3 million shares traded vs. an average daily trading volume of 12.6 million shares.

Exxon Mobil Corporation has a market cap of $399.75 billion and is part of the basic materials sector and energy industry. Shares are up 2.8% year to date as of Friday's close. The stock's dividend yield sits at 2.6%.

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products. The company also transports and sells crude oil, natural gas, and petroleum products. It has approximately 37,228 gross and 31,264 net operated wells. The company has a P/E ratio of 9.2, 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 increase in net income, notable return on equity, attractive valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.

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