FY2017 EPS Estimates for Exxon Mobil Corporation Decreased by Analyst (XOM)
Exxon Mobil Corporation (NYSE:XOM) – Analysts at Jefferies Group decreased their FY2017 earnings per share (EPS) estimates for shares of Exxon Mobil Corporation in a report issued on Tuesday. Jefferies Group analyst J. Gammel now anticipates that the oil and gas company will earn $3.33 per share for the year, down from their previous estimate of $3.57. Jefferies Group currently has a “Hold” rating and a $81.00 target price on the stock.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. WARNING: This article was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/08/30/fy2017-eps-estimates-for-exxon-mobil-corporation-decreased-by-analyst-xom.html.
A number of other equities analysts have also recently issued reports on XOM. UBS AG set a $75.00 target price on Exxon Mobil Corporation and gave the company a “sell” rating in a report on Thursday, June 8th. Scotiabank set a $86.00 target price on Exxon Mobil Corporation and gave the company a “buy” rating in a report on Saturday, June 17th. Vetr upgraded Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $79.60 target price for the company in a report on Tuesday. Royal Bank Of Canada set a $90.00 target price on Exxon Mobil Corporation and gave the company a “neutral” rating in a report on Thursday, August 3rd. Finally, Independent Research GmbH set a $84.00 target price on Exxon Mobil Corporation and gave the company a “neutral” rating in a report on Monday, August 21st. Eight research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $84.37.
Exxon Mobil Corporation (XOM) opened at 76.45 on Wednesday. The company’s 50-day moving average is $79.36 and its 200 day moving average is $81.22. The firm has a market cap of $323.93 billion, a P/E ratio of 27.56 and a beta of 0.81. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.21.
Several hedge funds have recently made changes to their positions in XOM. Vanguard Group Inc. increased its stake in shares of Exxon Mobil Corporation by 3.5% in the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after buying an additional 10,366,636 shares in the last quarter. State Street Corp increased its stake in shares of Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after buying an additional 15,740,895 shares in the last quarter. Norges Bank purchased a new stake in shares of Exxon Mobil Corporation during the fourth quarter worth about $3,306,084,000. Capital Research Global Investors increased its stake in shares of Exxon Mobil Corporation by 7.0% in the second quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock worth $2,548,668,000 after buying an additional 2,058,060 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Exxon Mobil Corporation by 2.7% in the second quarter. Legal & General Group Plc now owns 23,191,344 shares of the oil and gas company’s stock worth $1,872,300,000 after buying an additional 604,537 shares in the last quarter. Institutional investors and hedge funds own 50.81% of the company’s stock.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be issued a $0.77 dividend. The ex-dividend date is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 4.03%. Exxon Mobil Corporation’s payout ratio is 111.19%.
Exxon Mobil Corporation 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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