Exxon Mobil (NYSE:XOM) Shares Down 1% After Earnings Miss

Shares of Exxon Mobil Co. (NYSE:XOM) dropped 1% during trading on Friday following a weaker than expected earnings announcement. The company traded as low as $107.00 and last traded at $108.43. Approximately 5,105,905 shares changed hands during trading, a decline of 65% from the average daily volume of 14,580,632 shares. The stock had previously closed at $109.57.

The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. During the same quarter last year, the firm posted $2.48 EPS.

Wall Street Analyst Weigh In

XOM has been the topic of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research report on Thursday, December 12th. Mizuho dropped their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. HSBC dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday. Scotiabank decreased their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday. Finally, BMO Capital Markets lowered their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.30.

Hedge Funds Weigh In On Exxon Mobil

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC boosted its stake in shares of Exxon Mobil by 3.8% during the 4th quarter. Global Retirement Partners LLC now owns 84,439 shares of the oil and gas company’s stock worth $9,083,000 after acquiring an additional 3,115 shares in the last quarter. Bigelow Investment Advisors LLC grew its holdings in Exxon Mobil by 1.0% in the 4th quarter. Bigelow Investment Advisors LLC now owns 13,727 shares of the oil and gas company’s stock valued at $1,477,000 after buying an additional 130 shares in the last quarter. Timber Creek Capital Management LLC raised its stake in Exxon Mobil by 0.8% during the fourth quarter. Timber Creek Capital Management LLC now owns 60,269 shares of the oil and gas company’s stock worth $6,483,000 after purchasing an additional 484 shares during the period. Plan Group Financial LLC boosted its stake in Exxon Mobil by 13.3% during the fourth quarter. Plan Group Financial LLC now owns 12,761 shares of the oil and gas company’s stock worth $1,373,000 after buying an additional 1,501 shares during the period. Finally, Allied Investment Advisors LLC grew its stake in shares of Exxon Mobil by 1.7% in the fourth quarter. Allied Investment Advisors LLC now owns 108,444 shares of the oil and gas company’s stock valued at $11,665,000 after buying an additional 1,812 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock has a market capitalization of $469.48 billion, a PE ratio of 13.30, a P/E/G ratio of 2.84 and a beta of 0.91. The firm’s 50 day moving average is $110.66 and its two-hundred day moving average is $115.29.

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.