Exxon Mobil (NYSE:XOM) Trading Down 0.2% After Earnings Miss

Exxon Mobil Co. (NYSE:XOM) dropped 0.2% during mid-day trading on Monday following a dissappointing earnings announcement. The company traded as low as $105.32 and last traded at $106.62. Approximately 3,993,884 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 14,810,861 shares. The stock had previously closed at $106.83.

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 9.63% and a return on equity of 12.92%. During the same period in the previous year, the business earned $2.48 earnings per share.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research reports. HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday. Scotiabank decreased their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday. TD Cowen cut their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a report on Thursday, December 12th. Finally, Truist Financial increased their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Institutional Inflows and Outflows

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

Exxon Mobil Trading Up 0.2 %

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market cap of $470.54 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89. The stock’s 50-day moving average is $110.36 and its two-hundred day moving average is $115.21.

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.