Exxon Mobil (NYSE:XOM) Releases Earnings Results, Beats Estimates By $0.01 EPS

Exxon Mobil (NYSE:XOM) issued its quarterly earnings results on Friday. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.01, RTT News reports. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS.

Exxon Mobil Trading Down 1.2 %

NYSE:XOM traded down $1.39 on Friday, hitting $115.56. 11,813,795 shares of the stock were exchanged, compared to its average volume of 17,447,500. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil has a 52 week low of $95.77 and a 52 week high of $123.75. The stock has a market capitalization of $455.65 billion, a price-to-earnings ratio of 14.26, a P/E/G ratio of 4.57 and a beta of 0.91. The company’s 50-day moving average price is $113.95 and its 200 day moving average price is $111.95.

Analysts Set New Price Targets

Several equities analysts have weighed in on XOM shares. TD Cowen lifted their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Sanford C. Bernstein dropped their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Wolfe Research started coverage on Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. Finally, Truist Financial reduced their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $134.78.

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.