Jefferies Group Analysts Increase Earnings Estimates for Exxon Mobil Co. (XOM)
Exxon Mobil Co. (NYSE:XOM) – Research analysts at Jefferies Group upped their FY2017 earnings per share estimates for Exxon Mobil in a research note issued on Friday. Jefferies Group analyst J. Gammel now anticipates that the oil and gas company will earn $3.76 per share for the year, up from their prior estimate of $3.65. Jefferies Group currently has a “Neutral” rating and a $90.00 target price 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.
Several other research firms also recently weighed in on XOM. HSBC set a $80.00 price target on Exxon Mobil and gave the company a “sell” rating in a research note on Thursday, January 18th. Goldman Sachs Group set a $92.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research note on Monday. Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research note on Saturday, January 13th. Vetr upgraded Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research note on Tuesday, January 16th. Finally, JPMorgan Chase & Co. set a $83.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, January 8th. Seven research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Exxon Mobil currently has a consensus rating of “Hold” and a consensus target price of $86.83.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The business had revenue of $66.17 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.63 EPS.
Hedge funds have recently modified their holdings of the business. CWH Capital Management Inc. purchased a new position in Exxon Mobil during the second quarter worth approximately $114,000. Horan Securities Inc. boosted its position in Exxon Mobil by 20.8% during the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 260 shares in the last quarter. Litman Gregory Asset Management LLC purchased a new position in Exxon Mobil during the third quarter worth approximately $131,000. Acrospire Investment Management LLC raised its holdings in shares of Exxon Mobil by 172.7% during the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in shares of Exxon Mobil by 2.7% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 51.12% of the company’s stock.
In other news, VP Neil A. Chapman sold 12,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $83.05, for a total value of $996,600.00. Following the sale, the vice president now owns 291,385 shares in the company, valued at $24,199,524.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert N. Schleckser sold 4,877 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the sale, the vice president now owns 187,663 shares in the company, valued at approximately $15,645,464.31. The disclosure for this sale can be found here. Insiders sold 51,357 shares of company stock worth $4,273,910 in the last 90 days. Company insiders own 0.08% of the company’s stock.
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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.
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