Exxon Mobil (NYSE:XOM) Announces Earnings Results, Misses Estimates By $0.13 EPS

Exxon Mobil (NYSE:XOM) released its quarterly earnings results on Friday. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13), RTT News reports. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period in the previous year, the company posted $2.83 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year.

Exxon Mobil Trading Down 2.8 %

Shares of Exxon Mobil stock opened at $117.96 on Friday. The firm has a market capitalization of $466.92 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 4.17 and a beta of 0.96. Exxon Mobil has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The stock has a 50 day moving average of $113.33 and a 200 day moving average of $106.67.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.22%. Exxon Mobil’s payout ratio is 42.74%.

Analyst Ratings Changes

XOM has been the subject of a number of research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Truist Financial increased their target price on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Wells Fargo & Company increased their target price on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and increased their target price for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Finally, Mizuho reissued a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a report on Thursday, April 4th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $132.28.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.03% of the company’s stock.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.