Jefferies Group Comments on Exxon Mobil Co.’s FY2017 Earnings (XOM)
Exxon Mobil Co. (NYSE:XOM) – Equities researchers at Jefferies Group reduced their FY2017 earnings estimates for shares of Exxon Mobil in a research report issued on Wednesday. Jefferies Group analyst J. Gammel now forecasts that the oil and gas company will earn $3.56 per share for the year, down from their prior estimate of $3.57. Jefferies Group currently has a “Hold” rating and a $86.00 target price on the stock. Jefferies Group also issued estimates for Exxon Mobil’s FY2018 earnings at $4.32 EPS and FY2019 earnings at $4.77 EPS.
Several other research firms also recently weighed in on XOM. Vetr upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $85.72 target price for the company in a research report on Monday, April 3rd. HSBC Holdings plc reiterated a “neutral” rating and set a $85.00 target price on shares of Exxon Mobil in a research report on Thursday, April 13th. Goldman Sachs Group Inc set a $89.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research report on Wednesday, February 1st. Argus reiterated a “buy” rating and set a $104.00 target price (up from $81.99) on shares of Exxon Mobil in a research report on Thursday. Finally, Barclays PLC decreased their target price on Exxon Mobil from $97.00 to $94.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 1st. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have issued a buy rating to the company. Exxon Mobil has a consensus rating of “Hold” and an average target price of $89.28.
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Exxon Mobil (NYSE:XOM) opened at 81.75 on Friday. Exxon Mobil has a 12 month low of $80.30 and a 12 month high of $95.55. The firm’s 50-day moving average is $82.08 and its 200-day moving average is $84.45. The stock has a market capitalization of $346.40 billion, a P/E ratio of 34.11 and a beta of 0.91.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 28th. The oil and gas company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.10. The business had revenue of $63.29 billion for the quarter, compared to the consensus estimate of $64.88 billion. Exxon Mobil had a net margin of 3.47% and a return on equity of 5.56%. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS.
Several large investors have recently modified their holdings of XOM. Spero Smith Investment Advisers Inc. OH raised its stake in shares of Exxon Mobil by 0.4% in the third quarter. Spero Smith Investment Advisers Inc. OH now owns 139,430 shares of the oil and gas company’s stock worth $12,169,000 after buying an additional 575 shares during the last quarter. Kissinger Financial Services LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth $528,000. Meristem LLP raised its stake in shares of Exxon Mobil by 21.2% in the third quarter. Meristem LLP now owns 38,052 shares of the oil and gas company’s stock worth $3,321,000 after buying an additional 6,664 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Exxon Mobil by 2.9% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 653,134 shares of the oil and gas company’s stock worth $57,006,000 after buying an additional 18,329 shares during the last quarter. Finally, Tower Bridge Advisors raised its stake in shares of Exxon Mobil by 1.5% in the third quarter. Tower Bridge Advisors now owns 303,246 shares of the oil and gas company’s stock worth $26,467,000 after buying an additional 4,422 shares during the last quarter. Institutional investors and hedge funds own 51.09% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 12th will be paid a dividend of $0.77 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.77%. Exxon Mobil’s payout ratio is presently 159.58%.
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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