Exxon Mobil (NYSE:XOM) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Exxon Mobil (NYSE:XOM - Get Free Report) issued its quarterly earnings data on Friday. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.01, Briefing.com reports. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the firm earned $2.27 earnings per share. The firm's revenue for the quarter was down .8% compared to the same quarter last year.

Exxon Mobil Price Performance

NYSE:XOM traded down $1.83 during trading hours on Friday, reaching $114.95. The stock had a trading volume of 20,939,321 shares, compared to its average volume of 12,289,790. The stock has a market capitalization of $453.25 billion, a PE ratio of 13.75, a PEG ratio of 4.86 and a beta of 0.90. Exxon Mobil has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a 50 day moving average price of $117.67 and a two-hundred day moving average price of $116.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.44%. Exxon Mobil's dividend payout ratio is presently 45.45%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Mizuho raised their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. The Goldman Sachs Group raised their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday. Truist Financial reduced their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a report on Monday, September 30th. Barclays dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upped their price objective on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and an average price target of $130.37.

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.