Exxon Mobil Corp. Expected to Post Q3 2016 Earnings of $0.54 Per Share (XOM)
Exxon Mobil Corp. (NYSE:XOM) – Equities researchers at Jefferies Group decreased their Q3 2016 earnings per share estimates for Exxon Mobil Corp. in a report released on Tuesday. Jefferies Group analyst J. Gammel now anticipates that the firm will earn $0.54 per share for the quarter, down from their prior forecast of $0.60. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Exxon Mobil Corp.’s FY2016 earnings at $2.16 EPS.
Exxon Mobil Corp. (NYSE:XOM) last released its quarterly earnings data on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.23. The company earned $57.69 billion during the quarter, compared to analysts’ expectations of $60.23 billion. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The firm’s quarterly revenue was down 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 EPS.
Several other research firms have also recently issued reports on XOM. HSBC set a $88.50 price target on Exxon Mobil Corp. and gave the company a “neutral” rating in a report on Wednesday, July 13th. Barclays PLC set a $102.00 price target on Exxon Mobil Corp. and gave the company a “neutral” rating in a report on Wednesday, July 13th. Goldman Sachs Group Inc. set a $102.00 price target on Exxon Mobil Corp. and gave the company a “buy” rating in a report on Thursday, July 14th. Zacks Investment Research upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. set a $95.00 price target on Exxon Mobil Corp. and gave the company a “neutral” rating in a report on Monday, July 11th. Eight investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $87.92.
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Exxon Mobil Corp. (NYSE:XOM) traded down 1.01% on Thursday, hitting $86.25. The stock had a trading volume of 5,087,423 shares. Exxon Mobil Corp. has a 52-week low of $71.55 and a 52-week high of $95.55. The firm has a market cap of $357.65 billion, a price-to-earnings ratio of 34.25 and a beta of 0.83. The company’s 50 day moving average price is $86.27 and its 200 day moving average price is $88.37.
In related news, VP Robert Stuart Franklin sold 13,855 shares of the business’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total value of $1,218,270.15. Following the completion of the sale, the vice president now directly owns 213,256 shares in the company, valued at approximately $18,751,600.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. increased its stake in Exxon Mobil Corp. by 166.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,106 shares of the company’s stock worth $104,000 after buying an additional 691 shares during the last quarter. Tuttle Tactical Management LLC bought a new stake in Exxon Mobil Corp. during the second quarter worth $125,000. NewSquare Capital LLC increased its stake in Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock worth $150,000 after buying an additional 33 shares during the last quarter. Cantab Capital Partners LLP bought a new stake in Exxon Mobil Corp. during the second quarter worth $183,000. Finally, NCM Capital Management Group Inc. increased its stake in Exxon Mobil Corp. by 29.6% in the second quarter. NCM Capital Management Group Inc. now owns 1,970 shares of the company’s stock worth $185,000 after buying an additional 450 shares during the last quarter. Institutional investors and hedge funds own 50.42% of the company’s stock.
Exxon Mobil Corp. Company Profile
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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