FY2017 Earnings Estimate for Exxon Mobil Co. Issued By Jefferies Group (XOM)

Exxon Mobil Co. (NYSE:XOM) – Equities researchers at Jefferies Group upped their FY2017 earnings per share (EPS) estimates for shares of Exxon Mobil in a report issued on Friday. Jefferies Group analyst J. Gammel now anticipates that the oil and gas company will post earnings of $3.76 per share for the year, up from their previous forecast of $3.65. Jefferies Group has a “Neutral” rating and a $90.00 price objective on the stock. Jefferies Group also issued estimates for Exxon Mobil’s FY2018 earnings at $4.70 EPS, FY2019 earnings at $4.48 EPS and FY2020 earnings at $5.07 EPS.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. The company had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. During the same quarter last year, the company earned $0.63 earnings per share.

XOM has been the topic of a number of other research reports. Vetr downgraded Exxon Mobil from a “buy” rating to a “hold” rating and set a $85.17 price target on the stock. 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. Wells Fargo & Co set a $88.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Morgan Stanley reissued an “underperform” rating on shares of Exxon Mobil in a research report on Thursday, October 19th. Finally, Zacks Investment Research downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 14th. Seven investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $86.71.

Shares of Exxon Mobil (NYSE:XOM) opened at $87.15 on Monday. The stock has a market capitalization of $369,260.00, a P/E ratio of 28.39, a P/E/G ratio of 1.34 and a beta of 0.82. Exxon Mobil has a 12-month low of $76.05 and a 12-month high of $88.21. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85.

In related news, VP Bradley W. Corson sold 19,500 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the sale, the vice president now owns 229,774 shares of the company’s stock, valued at approximately $19,073,539.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert N. Schleckser sold 4,877 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $83.37, for a total value of $406,595.49. Following the sale, the vice president now directly owns 187,663 shares in the company, valued at approximately $15,645,464.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,357 shares of company stock worth $4,273,910. 0.08% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. City Holding Co. raised its position in Exxon Mobil by 8.4% during the 2nd quarter. City Holding Co. now owns 57,478 shares of the oil and gas company’s stock worth $4,639,000 after purchasing an additional 4,450 shares during the last quarter. Oakmont Partners LLC raised its position in shares of Exxon Mobil by 12.4% in the 2nd quarter. Oakmont Partners LLC now owns 8,241 shares of the oil and gas company’s stock worth $665,000 after acquiring an additional 911 shares in the last quarter. Dynamic Advisors Solutions LLC raised its position in shares of Exxon Mobil by 46.6% in the 2nd quarter. Dynamic Advisors Solutions LLC now owns 17,432 shares of the oil and gas company’s stock worth $1,407,000 after acquiring an additional 5,538 shares in the last quarter. Iberiabank Corp raised its position in shares of Exxon Mobil by 2.4% in the 2nd quarter. Iberiabank Corp now owns 77,749 shares of the oil and gas company’s stock worth $6,277,000 after acquiring an additional 1,788 shares in the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE raised its position in shares of Exxon Mobil by 1.1% in the 2nd quarter. Lawson Kroeker Investment Management Inc. NE now owns 58,978 shares of the oil and gas company’s stock worth $4,761,000 after acquiring an additional 629 shares in the last quarter. 51.06% of the stock is currently owned by institutional investors.

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About Exxon Mobil

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.

Earnings History and Estimates for Exxon Mobil (NYSE:XOM)

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