Exxon Mobil (NYSE:XOM) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Exxon Mobil (NYSE:XOM) released its quarterly earnings data on Friday. The oil and gas company reported ($0.70) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.09), MarketWatch Earnings reports. Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The firm had revenue of $32.61 billion for the quarter, compared to analyst estimates of $38.16 billion. During the same period last year, the business earned $0.61 EPS. The company’s revenue was down 52.8% compared to the same quarter last year.

Shares of Exxon Mobil stock opened at $42.08 on Friday. Exxon Mobil has a one year low of $30.11 and a one year high of $75.66. The firm has a market capitalization of $177.04 billion, a price-to-earnings ratio of 15.76 and a beta of 1.33. The business has a 50-day simple moving average of $44.44 and a 200 day simple moving average of $48.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 13th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date is Wednesday, August 12th. Exxon Mobil’s payout ratio is 154.67%.

Several brokerages have commented on XOM. Mizuho cut their target price on Exxon Mobil from $60.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $51.00 target price on shares of Exxon Mobil in a report on Tuesday, June 9th. Redburn Partners raised Exxon Mobil from a “sell” rating to a “neutral” rating in a report on Wednesday, May 13th. Scotiabank cut their target price on Exxon Mobil from $50.00 to $47.00 and set a “sector underperform” rating on the stock in a report on Monday, July 13th. Finally, Royal Bank of Canada reaffirmed a “sell” rating and set a $45.00 target price on shares of Exxon Mobil in a report on Monday, July 20th. Five analysts have rated the stock with a sell rating, twenty-two have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $53.17.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

See Also: Net Margin

Earnings History for Exxon Mobil (NYSE:XOM)

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