Exxon Mobil (NYSE:XOM) Issues Quarterly Earnings Results

Exxon Mobil (NYSE:XOM) announced its earnings results on Friday. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01, Briefing.com reports. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the business posted $2.27 earnings per share. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis.

Exxon Mobil Trading Down 1.6 %

Shares of XOM stock traded down $1.83 during mid-day trading on Friday, reaching $114.95. The stock had a trading volume of 20,939,321 shares, compared to its average volume of 16,433,684. Exxon Mobil has a 52-week low of $95.77 and a 52-week high of $126.34. The firm has a market capitalization of $453.25 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 4.83 and a beta of 0.89. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average price is $117.67 and its two-hundred day moving average price is $116.36.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.44%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 45.45%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on XOM. Evercore ISI raised Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Truist Financial reduced their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Wolfe Research boosted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday. Mizuho increased their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Finally, BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.37.

Exxon Mobil Company Profile

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.