Exxon Mobil (NYSE:XOM) Releases Earnings Results, Misses Expectations By $0.10 EPS

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

Exxon Mobil Trading Down 2.5 %

Exxon Mobil stock opened at $106.82 on Friday. The firm has a market capitalization of $469.48 billion, a PE ratio of 13.30, a PEG ratio of 2.84 and a beta of 0.91. The business’s 50-day simple moving average is $110.66 and its 200-day simple moving average is $115.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil has a 52 week low of $100.42 and a 52 week high of $126.34.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. TD Cowen reduced their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. The Goldman Sachs Group dropped their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday. Bank of America started coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. BMO Capital Markets reduced their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday. Finally, Truist Financial lifted their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $129.30.

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.