Q3 2019 EPS Estimates for Exxon Mobil Co. (NYSE:XOM) Lowered by Jefferies Financial Group

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Exxon Mobil Co. (NYSE:XOM) – Equities research analysts at Jefferies Financial Group cut their Q3 2019 EPS estimates for shares of Exxon Mobil in a report released on Thursday, October 17th. Jefferies Financial Group analyst J. Gammel now forecasts that the oil and gas company will post earnings of $0.65 per share for the quarter, down from their previous estimate of $0.87. Jefferies Financial Group currently has a “Neutral” rating and a $76.00 target price on the stock. Jefferies Financial Group also issued estimates for Exxon Mobil’s Q4 2019 earnings at $0.72 EPS, FY2019 earnings at $2.57 EPS, Q1 2020 earnings at $0.81 EPS, Q2 2020 earnings at $0.81 EPS, Q3 2020 earnings at $0.87 EPS, Q4 2020 earnings at $0.93 EPS, FY2020 earnings at $3.43 EPS and FY2021 earnings at $5.32 EPS.

A number of other equities analysts have also issued reports on the company. Credit Suisse Group set a $74.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Morgan Stanley reduced their target price on Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Friday, October 4th. JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the stock a “hold” rating in a research note on Sunday, August 4th. Zacks Investment Research lowered Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price for the company. in a research note on Monday, July 22nd. Finally, Royal Bank of Canada restated a “neutral” rating and issued a $90.00 target price on shares of Exxon Mobil in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the company. Exxon Mobil presently has an average rating of “Hold” and an average price target of $80.04.

Shares of XOM stock opened at $69.09 on Monday. The firm has a market capitalization of $286.07 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 2.27 and a beta of 0.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. The business has a fifty day moving average of $70.15 and a 200 day moving average of $73.99. Exxon Mobil has a 1 year low of $64.65 and a 1 year high of $83.75.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. The company had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS.

Several large investors have recently bought and sold shares of the company. Nicolet Advisory Services LLC grew its position in shares of Exxon Mobil by 2.0% during the 3rd quarter. Nicolet Advisory Services LLC now owns 35,367 shares of the oil and gas company’s stock valued at $2,497,000 after acquiring an additional 691 shares during the period. DeDora Capital Inc. grew its position in shares of Exxon Mobil by 3.1% during the 3rd quarter. DeDora Capital Inc. now owns 8,260 shares of the oil and gas company’s stock valued at $583,000 after acquiring an additional 251 shares during the period. Squar Milner Financial Services LLC grew its position in shares of Exxon Mobil by 39.4% during the 3rd quarter. Squar Milner Financial Services LLC now owns 8,066 shares of the oil and gas company’s stock valued at $569,000 after acquiring an additional 2,278 shares during the period. Prospera Financial Services Inc grew its position in shares of Exxon Mobil by 9.9% during the 3rd quarter. Prospera Financial Services Inc now owns 35,543 shares of the oil and gas company’s stock valued at $2,510,000 after acquiring an additional 3,194 shares during the period. Finally, Asset Planning Services Inc. LA ADV grew its position in shares of Exxon Mobil by 2.6% during the 3rd quarter. Asset Planning Services Inc. LA ADV now owns 58,402 shares of the oil and gas company’s stock valued at $4,124,000 after acquiring an additional 1,475 shares during the period. Hedge funds and other institutional investors own 54.41% of the company’s stock.

In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the transaction, the vice president now owns 189,800 shares in the company, valued at approximately $13,445,432. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.05% of the company’s stock.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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

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