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

Exxon Mobil (NYSE:XOM) released its quarterly earnings results on Friday. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01, Briefing.com reports. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the business posted $2.27 earnings per share.

Exxon Mobil Stock Performance

NYSE XOM opened at $114.95 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $117.67 and its two-hundred day moving average is $116.33. Exxon Mobil has a 12-month low of $95.77 and a 12-month high of $126.34. The stock has a market capitalization of $453.25 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 4.86 and a beta of 0.90.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 45.45%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on XOM. The Goldman Sachs Group increased their price objective on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday. BMO Capital Markets increased their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Finally, Bank of America started coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.