Exxon Mobil Co. (NYSE:XOM) fell 5.1% during trading on Friday after the company announced weaker than expected quarterly earnings. The company traded as low as $83.00 and last traded at $84.53. 29,768,822 shares were traded during mid-day trading, an increase of 143% from the average session volume of 12,246,946 shares. The stock had previously closed at $89.07.

The oil and gas company reported $0.88 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.15). Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.52 billion for the quarter, compared to analyst estimates of $74.41 billion. During the same period last year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 12th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, February 9th. Exxon Mobil’s payout ratio is currently 100.33%.

Several research firms have recently issued reports on XOM. Vetr lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price objective for the company. in a research report on Friday, October 6th. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research report on Friday, November 24th. Goldman Sachs Group set a $96.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Thursday. Wells Fargo & Co set a $88.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Finally, Morgan Stanley reissued an “underperform” rating on shares of Exxon Mobil in a research report on Thursday, October 19th. Seven research analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $87.21.

In other Exxon Mobil news, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.93, for a total transaction of $470,091.93. Following the transaction, the vice president now directly owns 187,663 shares in the company, valued at approximately $15,750,555.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James M. Spellings, Jr. sold 9,379 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total transaction of $781,927.23. Following the transaction, the insider now owns 220,000 shares in the company, valued at $18,341,400. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock worth $4,273,910 over the last quarter. 0.08% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. CWH Capital Management Inc. acquired a new stake in shares of Exxon Mobil in the 2nd quarter worth about $114,000. Horan Securities Inc. increased its holdings in shares of Exxon Mobil by 20.8% in the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after acquiring an additional 260 shares during the period. Litman Gregory Asset Management LLC acquired a new stake in shares of Exxon Mobil in the 3rd quarter worth about $131,000. Acrospire Investment Management LLC increased its holdings in shares of Exxon Mobil by 172.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 1,100 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Exxon Mobil by 2.7% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock worth $153,000 after acquiring an additional 50 shares during the period. Institutional investors own 51.18% of the company’s stock.

The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. The firm has a market capitalization of $355,280.00, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 1.21 and a beta of 0.82.

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Exxon Mobil Company Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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