Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Links. The Dow Jones Industrial Average ( ^DJI) is trading down 57.0 points (-0.4%) at 15,601 as of Monday, Aug 5, 2013, 12:35 p.m. ET. During this time, 141.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 582.4 million. The NYSE advances/declines ratio sits at 1,233 issues advancing vs. 1,686 declining with 120 unchanged.
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Holding back the Dow today is Exxon Mobil Corporation (NYSE: XOM), which is lagging the broader Dow index with an 80-cent decline (-0.9%) bringing the stock to $91.15. This single loss is lowering the Dow Jones Industrial Average by 6.05 points or roughly accounting for 10.6% of the Dow's overall loss. Volume for Exxon Mobil Corporation currently sits at 5.1 million shares traded vs. an average daily trading volume of 12.8 million shares. Exxon Mobil Corporation has a market cap of $414.55 billion and is part of the basic materials sector and energy industry. Shares are up 6.2% year to date as of Friday's close. The stock's dividend yield sits at 2.7%. 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. 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 and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.