Exxon Mobil Corp. (NYSE:XOM) – Equities researchers at Credit Agricole SA decreased their Q3 2016 earnings estimates for shares of Exxon Mobil Corp. in a research report issued to clients and investors on Tuesday. Credit Agricole SA analyst A. Sen now anticipates that the firm will earn $0.47 per share for the quarter, down from their previous forecast of $0.48. Credit Agricole SA has a “Buy” rating on the stock. Credit Agricole SA also issued estimates for Exxon Mobil Corp.’s FY2016 earnings at $1.87 EPS.
Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.23. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The business earned $57.69 billion during the quarter, compared to analysts’ expectations of $60.23 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The firm’s revenue for the quarter was down 22.2% compared to the same quarter last year.
Several other research analysts have also recently issued reports on XOM. Vetr raised Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $93.03 price objective on the stock in a research note on Monday, June 27th. HSBC set a $86.00 price objective on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Tuesday, June 28th. Jefferies Group reissued a “hold” rating on shares of Exxon Mobil Corp. in a research note on Thursday, June 30th. Zacks Investment Research raised Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Tuesday, July 5th. Finally, JPMorgan Chase & Co. set a $95.00 price objective on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Monday, July 11th. Eight analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $87.77.
Exxon Mobil Corp. (NYSE:XOM) opened at 86.54 on Thursday. The stock has a market cap of $358.85 billion, a PE ratio of 34.37 and a beta of 0.83. Exxon Mobil Corp. has a 1-year low of $71.55 and a 1-year high of $95.55. The stock has a 50 day moving average price of $86.20 and a 200 day moving average price of $88.37.
In related news, VP Robert Stuart Franklin sold 13,855 shares of Exxon Mobil Corp. stock in a transaction dated 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 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 legal filing with the SEC, which is available at this link. 0.14% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of XOM. Vigilant Capital Management LLC raised its position in Exxon Mobil Corp. by 0.3% in the third quarter. Vigilant Capital Management LLC now owns 100,159 shares of the company’s stock worth $8,742,000 after buying an additional 282 shares during the period. Cohen Klingenstein LLC raised its position in Exxon Mobil Corp. by 180.4% in the third quarter. Cohen Klingenstein LLC now owns 36,374 shares of the company’s stock worth $3,175,000 after buying an additional 23,400 shares during the period. Gateway Advisory LLC raised its position in Exxon Mobil Corp. by 29.1% in the third quarter. Gateway Advisory LLC now owns 36,432 shares of the company’s stock worth $3,142,000 after buying an additional 8,203 shares during the period. Advisor Consultant Network Inc. acquired a new position in Exxon Mobil Corp. during the third quarter worth $15,069,000. Finally, Johanson Financial Advisors Inc. raised its position in Exxon Mobil Corp. by 3.6% in the third quarter. Johanson Financial Advisors Inc. now owns 17,502 shares of the company’s stock worth $1,529,000 after buying an additional 601 shares during the period. Institutional investors 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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