Exxon Mobil (NYSE:XOM) Issues Earnings Results, Misses Expectations By $0.13 EPS

Exxon Mobil (NYSE:XOM - Get Free Report) 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 firm had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period last year, the company earned $2.83 EPS. The company's revenue was down 4.0% compared to the same quarter last year.

Exxon Mobil Stock Performance

NYSE XOM traded down $3.37 on Friday, reaching $117.96. The stock had a trading volume of 26,679,557 shares, compared to its average volume of 18,214,783. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The firm has a fifty day moving average of $113.33 and a two-hundred day moving average of $106.67. Exxon Mobil has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a market cap of $466.92 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 4.16 and a beta of 0.96.

Exxon Mobil Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Scotiabank upped their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 11th. Royal Bank of Canada reiterated a "sector perform" rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Piper Sandler upped their price objective on Exxon Mobil from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, April 18th. Mizuho reiterated a "neutral" rating and set a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, April 4th. Finally, TD Cowen upped their price objective on Exxon Mobil from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, April 1st. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.28.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company's stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.03% of the company's stock.

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.