Exxon Mobil (NYSE:XOM) Stock Price Down 1% After Earnings Miss

Exxon Mobil Co. (NYSE:XOM)’s share price dropped 1% on Friday after the company announced weaker than expected quarterly earnings. The company traded as low as $107.00 and last traded at $108.43. Approximately 5,105,905 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 14,580,632 shares. The stock had previously closed at $109.57.

The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. During the same period in the prior year, the company earned $2.48 earnings per share.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XOM. Truist Financial boosted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Scotiabank cut their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday. Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. Finally, Morgan Stanley lifted their price target on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.30.

Institutional Investors Weigh In On Exxon Mobil

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $46,000. Compass Financial Services Inc bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $48,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil in the 3rd quarter worth approximately $51,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil in the 3rd quarter worth $54,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock has a market cap of $476.56 billion, a PE ratio of 13.50, a PEG ratio of 2.84 and a beta of 0.91. The company’s 50-day moving average price is $110.66 and its two-hundred day moving average price is $115.29.

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.