Trade Report: The Analysts Offer Predictions for Exxon Mobil Corp.’s Q3 2016 Earnings (XOM)

The Analysts Offer Predictions for Exxon Mobil Corp.’s Q3 2016 Earnings (XOM)

Exxon Mobil Corp. (NYSE:XOM) – Credit Agricole SA reduced their Q3 2016 earnings estimates for Exxon Mobil Corp. in a research note issued on Tuesday. Credit Agricole SA analyst A. Sen now expects 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.

Several other research firms have also recently commented on XOM. HSBC set a $83.50 target price on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a research report on Tuesday, August 2nd. Zacks Investment Research upgraded shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research report on Tuesday, July 5th. Vetr upgraded shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 target price for the company in a research report on Tuesday, September 13th. Bank of America Corp. set a $100.00 target price on shares of Exxon Mobil Corp. and gave the stock a “hold” rating in a research report on Monday. Finally, Jefferies Group restated a “hold” rating on shares of Exxon Mobil Corp. in a research report on Sunday, July 10th. Eight research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $87.92.

Shares of 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 has a 50 day moving average price of $86.23 and a 200 day moving average price of $88.35. The firm has a market capitalization of $358.93 billion, a PE ratio of 34.38 and a beta of 0.83.

Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.23. The company earned $57.69 billion during the quarter, compared to analyst estimates of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The firm’s revenue was down 22.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 earnings per share.

Several hedge funds have recently bought and sold shares of XOM. TNB Financial increased its stake in Exxon Mobil Corp. by 17.4% in the first quarter. TNB Financial now owns 53,627 shares of the company’s stock valued at $4,482,000 after buying an additional 7,964 shares in the last quarter. Burke & Herbert Bank & Trust Co. increased its stake in shares of Exxon Mobil Corp. by 1.5% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 84,255 shares of the company’s stock worth $7,043,000 after buying an additional 1,244 shares during the period. Gierl Augustine Investment Management Inc increased its stake in shares of Exxon Mobil Corp. by 21.8% in the first quarter. Gierl Augustine Investment Management Inc now owns 38,564 shares of the company’s stock worth $3,224,000 after buying an additional 6,900 shares during the period. Jacobs & Co. CA increased its stake in shares of Exxon Mobil Corp. by 1.8% in the first quarter. Jacobs & Co. CA now owns 88,063 shares of the company’s stock worth $7,361,000 after buying an additional 1,593 shares during the period. Finally, Capital Investment Advisors LLC increased its stake in shares of Exxon Mobil Corp. by 6.5% in the first quarter. Capital Investment Advisors LLC now owns 65,430 shares of the company’s stock worth $5,469,000 after buying an additional 3,992 shares during the period. 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 company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $87.93, for a total transaction 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 SEC, which is available through this link. Corporate insiders own 0.14% of the company’s stock.

Exxon Mobil Corp. Company Profile

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