Exxon Mobil (NYSE:XOM) Announces Earnings Results, Beats Expectations By $0.28 EPS

Exxon Mobil (NYSE:XOMGet Free Report) posted its quarterly earnings data on Friday. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.28, MarketWatch Earnings reports. Exxon Mobil had a return on equity of 20.72% and a net margin of 11.56%. The company had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same quarter last year, the company earned $3.40 earnings per share. The firm’s quarterly revenue was down 11.6% on a year-over-year basis.

Exxon Mobil Trading Down 0.4 %

NYSE XOM traded down $0.42 on Friday, hitting $101.97. The company’s stock had a trading volume of 21,973,405 shares, compared to its average volume of 18,303,250. Exxon Mobil has a 52-week low of $95.77 and a 52-week high of $120.70. The firm has a market cap of $404.10 billion, a P/E ratio of 11.47, a PEG ratio of 3.66 and a beta of 0.97. The company’s 50-day simple moving average is $100.83 and its 200 day simple moving average is $106.41. The company has a current ratio of 1.42, a quick ratio of 1.08 and a debt-to-equity ratio of 0.18.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.73%. The ex-dividend date is Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 42.74%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Jefferies Financial Group lifted their price target on Exxon Mobil from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, October 12th. JPMorgan Chase & Co. dropped their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday, December 8th. Truist Financial raised Exxon Mobil from a “hold” rating to a “buy” rating and lifted their price target for the stock from $110.00 to $131.00 in a research note on Thursday, October 12th. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Finally, Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.53.

View Our Latest Report on Exxon Mobil

Insider Transactions at Exxon Mobil

In other news, VP Leonard M. Fox sold 12,000 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $102.65, for a total value of $1,231,800.00. Following the completion of the transaction, the vice president now owns 220,678 shares of the company’s stock, valued at approximately $22,652,596.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Jeffrey W. Ubben sold 2,077,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $104.06, for a total transaction of $216,132,620.00. Following the completion of the transaction, the director now owns 13,000 shares of the company’s stock, valued at approximately $1,352,780. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Leonard M. Fox sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $102.65, for a total value of $1,231,800.00. Following the transaction, the vice president now directly owns 220,678 shares of the company’s stock, valued at approximately $22,652,596.70. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. KB Financial Partners LLC purchased a new position in Exxon Mobil during the first quarter valued at $27,000. IMA Wealth Inc. raised its holdings in Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 324 shares during the period. FWL Investment Management LLC bought a new stake in Exxon Mobil during the fourth quarter valued at about $43,000. Turim 21 Investimentos Ltda. raised its holdings in Exxon Mobil by 222.5% during the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 396 shares during the period. Finally, Studio Investment Management LLC bought a new stake in Exxon Mobil during the fourth quarter valued at about $49,000. Institutional investors own 58.53% of the company’s stock.

About Exxon Mobil

(Get Free Report)

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.

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Earnings History for Exxon Mobil (NYSE:XOM)

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