Analysts Offer Predictions for Exxon Mobil Corporation’s Q3 2018 Earnings (XOM)
Exxon Mobil Corporation (NYSE:XOM) – Stock analysts at Jefferies Group issued their Q3 2018 earnings estimates for Exxon Mobil Corporation in a research note issued on Monday. Jefferies Group analyst J. Gammel forecasts that the oil and gas company will earn $0.95 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $84.00 price target on the stock. Jefferies Group also issued estimates for Exxon Mobil Corporation’s Q4 2018 earnings at $0.94 EPS and FY2020 earnings at $4.63 EPS.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Exxon Mobil Corporation had a return on equity of 8.30% and a net margin of 5.14%. The firm had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. During the same period in the previous year, the company posted $0.63 EPS.
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XOM has been the topic of a number of other research reports. Vetr cut Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 target price on the stock. in a research report on Friday, October 6th. Royal Bank Of Canada set a $90.00 target price on Exxon Mobil Corporation and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Societe Generale set a $95.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Monday, September 18th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $80.00 target price (down previously from $81.00) on shares of Exxon Mobil Corporation in a research report on Friday, August 18th. Finally, Independent Research GmbH set a $84.00 price target on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Monday, August 21st. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $85.75.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio is currently 100.33%.
In other 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 transaction, the director now directly owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the transaction, the vice president now directly owns 231,572 shares in the company, valued at $18,470,182.72. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Blue Granite Capital LLC bought a new position in Exxon Mobil Corporation during the third quarter worth about $1,883,000. State of Wisconsin Investment Board grew its stake in Exxon Mobil Corporation by 6.6% during the third quarter. State of Wisconsin Investment Board now owns 5,119,503 shares of the oil and gas company’s stock worth $419,697,000 after buying an additional 316,472 shares in the last quarter. Legacy Advisors LLC acquired a new stake in Exxon Mobil Corporation during the third quarter worth about $778,000. Mn Services Vermogensbeheer B.V. grew its stake in Exxon Mobil Corporation by 3.0% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 700,157 shares of the oil and gas company’s stock worth $57,399,000 after buying an additional 20,100 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in Exxon Mobil Corporation during the third quarter worth about $3,556,000. 50.82% of the stock is currently owned by institutional investors and hedge funds.
About Exxon Mobil Corporation
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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