Exxon Mobil Corp. (NYSE:XOM) – Equities researchers at Jefferies Group lowered their Q3 2016 earnings per share estimates for Exxon Mobil Corp. in a research report issued on Tuesday. Jefferies Group analyst J. Gammel now forecasts that the firm will earn $0.54 per share for the quarter, down from their prior estimate 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 announced its quarterly earnings results 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. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The business had revenue of $57.69 billion for the quarter, compared to analyst estimates of $60.23 billion. During the same quarter last year, the company earned $1.00 EPS. The business’s revenue for the quarter was down 22.2% compared to the same quarter last year.

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

Several other research firms have also recently weighed in on XOM. HSBC set a $83.50 price objective on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a research report on Tuesday, August 2nd. Zacks Investment Research raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Tuesday, July 5th. Vetr raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price objective for the company in a research report on Tuesday, September 13th. Bank of America Corp. set a $100.00 price objective on shares of Exxon Mobil Corp. and gave the stock a “hold” rating in a research report on Monday. Finally, Morningstar Inc. reaffirmed a “neutral” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 30th. Eight analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $87.92.

Exxon Mobil Corp. (NYSE:XOM) opened at 86.56 on Thursday. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55. The stock’s 50 day moving average is $86.23 and its 200 day moving average is $88.35. The firm has a market cap of $358.93 billion, a price-to-earnings ratio of 34.38 and a beta of 0.83.

A number of large investors have recently added to or reduced their stakes in the stock. Premier Asset Managment LLC raised its stake in shares of Exxon Mobil Corp. by 18.6% in the third quarter. Premier Asset Managment LLC now owns 15,281 shares of the company’s stock valued at $1,333,000 after buying an additional 2,400 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Exxon Mobil Corp. by 1.7% in the third quarter. Private Trust Co. NA now owns 115,139 shares of the company’s stock valued at $10,049,000 after buying an additional 1,950 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its stake in shares of Exxon Mobil Corp. by 1.2% in the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 52,358 shares of the company’s stock valued at $4,570,000 after buying an additional 614 shares in the last quarter. Cohen Capital Management Inc. raised its stake in shares of Exxon Mobil Corp. by 1.4% in the third quarter. Cohen Capital Management Inc. now owns 90,150 shares of the company’s stock valued at $7,868,000 after buying an additional 1,250 shares in the last quarter. Finally, Private Bank & Trust Co. raised its stake in shares of Exxon Mobil Corp. by 7.6% in the third quarter. Private Bank & Trust Co. now owns 47,064 shares of the company’s stock valued at $4,108,000 after buying an additional 3,325 shares in the last quarter. 50.42% of the stock is owned by institutional investors and hedge funds.

In related news, VP Robert Stuart Franklin sold 13,855 shares of the 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 of the company’s stock, valued at approximately $18,751,600.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by corporate insiders.

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.

5 Day Chart for NYSE:XOM

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