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

Exxon Mobil (NYSE:XOM) posted its quarterly earnings results on Friday. The oil and gas company reported $1.67 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 period in the previous year, the firm earned $2.48 earnings per share.

Exxon Mobil Stock Down 1.7 %

Exxon Mobil stock traded down $1.85 during mid-day trading on Friday, reaching $107.72. 9,050,014 shares of the company were exchanged, compared to its average volume of 14,787,429. Exxon Mobil has a 12-month low of $100.42 and a 12-month high of $126.34. The business has a fifty day moving average of $110.66 and a 200 day moving average of $115.29. The firm has a market cap of $473.43 billion, a P/E ratio of 13.42, a PEG ratio of 2.84 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Wall Street Analyst Weigh In

XOM has been the topic of several research analyst reports. Mizuho lowered their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Scotiabank dropped their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday. Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. cut their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, UBS Group reduced their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One 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. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $129.30.

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.