Exxon Mobil (NYSE:XOM) Trading Down 0.2% After Earnings Miss

Exxon Mobil Co. (NYSE:XOM) shares were down 0.2% on Monday following a weaker than expected earnings announcement. The company traded as low as $105.32 and last traded at $106.62. Approximately 3,993,884 shares changed hands during trading, a decline of 73% from the average daily volume of 14,810,861 shares. The stock had previously closed at $106.83.

The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the company posted $2.48 earnings per share.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Mizuho decreased their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Morgan Stanley increased their price target on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday. Piper Sandler cut their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research report on Monday. Finally, JPMorgan Chase & Co. cut their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Hedge Funds Weigh In On Exxon Mobil

Large investors have recently bought and sold shares of the company. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $36,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $46,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $47,000. Compass Financial Services Inc acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $48,000. Finally, Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the 3rd quarter worth about $51,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

The stock’s 50 day simple moving average is $110.36 and its two-hundred day simple moving average is $115.21. The company has a market cap of $470.63 billion, a PE ratio of 13.66, a P/E/G ratio of 2.79 and a beta of 0.89. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil Company Profile

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.