Exxon Mobil (NYSE:XOM) Releases Quarterly Earnings Results, Beats Estimates By $0.28 EPS

Exxon Mobil (NYSE:XOMGet Free Report) released its quarterly earnings results on Friday. The oil and gas company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $90.03 billion. During the same period last year, the business posted $3.40 earnings per share. The firm’s revenue was down 11.6% compared to the same quarter last year.

Exxon Mobil Trading Down 0.4 %

Exxon Mobil stock traded down $0.42 during trading on Friday, reaching $101.97. 21,973,405 shares of the company were exchanged, 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 company has a market capitalization 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 has a debt-to-equity ratio of 0.18, a current ratio of 1.42 and a quick ratio of 1.08. The stock’s 50 day simple moving average is $100.83 and its two-hundred day simple moving average is $106.41.

Exxon Mobil Dividend Announcement

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

Analyst Ratings Changes

XOM has been the topic of a number of research reports. Jefferies Financial Group increased their price objective on Exxon Mobil from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, October 12th. Sanford C. Bernstein initiated coverage on Exxon Mobil in a report on Tuesday, October 17th. They issued an “outperform” rating and a $140.00 price objective on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a report on Thursday, December 7th. Truist Financial raised Exxon Mobil from a “hold” rating to a “buy” rating and increased their price objective for the company from $110.00 to $131.00 in a report on Thursday, October 12th. Finally, Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $127.53.

Check Out Our Latest Research Report on XOM

Insider Buying and Selling

In related news, Director Jeffrey W. Ubben sold 2,077,000 shares of Exxon Mobil 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 transaction, the director now owns 13,000 shares in the company, valued at $1,352,780. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Jeffrey W. Ubben sold 2,077,000 shares of Exxon Mobil stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $104.06, for a total value of $216,132,620.00. Following the completion of the sale, the director now directly owns 13,000 shares of the company’s stock, valued at $1,352,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey W. Ubben acquired 250,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was purchased at an average cost of $105.97 per share, with a total value of $26,492,500.00. Following the completion of the purchase, the director now directly owns 2,077,000 shares of the company’s stock, valued at approximately $220,099,690. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Exxon Mobil

A number of institutional investors have recently modified their holdings of the company. KB Financial Partners LLC acquired a new position in Exxon Mobil during the 1st quarter worth $27,000. IMA Wealth Inc. grew its stake in Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 324 shares in the last quarter. FWL Investment Management LLC acquired a new position in Exxon Mobil during the 4th quarter worth $43,000. Turim 21 Investimentos Ltda. grew its stake in Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 396 shares in the last quarter. Finally, Studio Investment Management LLC acquired a new position in Exxon Mobil during the 4th quarter worth $49,000. 58.53% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Company Profile

(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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