Exxon Mobil (NYSE:XOM) Issues Quarterly Earnings Results

Exxon Mobil (NYSE:XOM) announced its quarterly earnings results on Friday. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10), RTT News reports. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. During the same quarter in the prior year, the business posted $2.48 earnings per share.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $1.85 during midday trading on Friday, reaching $107.72. 9,050,014 shares of the company traded hands, compared to its average volume of 14,787,429. Exxon Mobil has a 12 month low of $100.42 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The business has a 50 day moving average of $110.66 and a two-hundred day moving average of $115.29. The firm has a market capitalization of $473.43 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 2.84 and a beta of 0.91.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Bernstein Bank upped their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday. Wolfe Research lifted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Barclays decreased their price objective on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $129.30.

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.