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

Exxon Mobil (NYSE:XOM) announced its 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 EPS.

Exxon Mobil Trading Down 1.4 %

XOM stock traded down $1.50 during trading on Friday, hitting $108.08. The company had a trading volume of 7,385,663 shares, compared to its average volume of 14,707,156. The stock has a market cap of $475.00 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 2.84 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $110.66 and a 200-day moving average price of $115.29. Exxon Mobil has a 12 month low of $100.42 and a 12 month high of $126.34.

Analyst Ratings Changes

XOM has been the topic of several research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research report on Thursday, December 12th. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research note on Wednesday, October 9th. Mizuho cut their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. HSBC decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. cut their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently 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.