Equities Analysts Issue Forecasts for Exxon Mobil Co.’s Q3 2019 Earnings (NYSE:XOM)

Exxon Mobil Co. (NYSE:XOM) – Equities research analysts at Jefferies Financial Group lowered their Q3 2019 earnings estimates for Exxon Mobil in a report released on Thursday, October 17th. Jefferies Financial Group analyst J. Gammel now expects that the oil and gas company will post earnings per share of $0.65 for the quarter, down from their previous estimate of $0.87. Jefferies Financial Group has a “Neutral” rating and a $76.00 price target on the stock. Jefferies Financial Group also issued estimates for Exxon Mobil’s Q4 2019 earnings at $0.72 EPS, FY2019 earnings at $2.57 EPS, Q1 2020 earnings at $0.81 EPS, Q2 2020 earnings at $0.81 EPS, Q3 2020 earnings at $0.87 EPS, Q4 2020 earnings at $0.93 EPS, FY2020 earnings at $3.43 EPS and FY2021 earnings at $5.32 EPS.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. The business had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $64.47 billion. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 EPS.

A number of other brokerages also recently commented on XOM. Morgan Stanley dropped their target price on shares of Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Friday, October 4th. Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Zacks Investment Research downgraded shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a research note on Monday, July 22nd. Independent Research set a $74.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Finally, Bank of America reiterated a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a research note on Friday, September 27th. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $80.04.

Shares of XOM stock opened at $67.61 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. The company has a market capitalization of $288.31 billion, a P/E ratio of 13.71, a P/E/G ratio of 2.12 and a beta of 0.99. The company’s 50-day simple moving average is $70.15 and its two-hundred day simple moving average is $74.24. Exxon Mobil has a one year low of $64.65 and a one year high of $83.75.

A number of large investors have recently bought and sold shares of XOM. Massey Quick Simon & CO. LLC lifted its position in Exxon Mobil by 121.2% during the second quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 183 shares during the last quarter. Krane Funds Advisors LLC purchased a new stake in Exxon Mobil during the second quarter valued at approximately $26,000. Asset Planning Services Ltd. lifted its position in Exxon Mobil by 1,984.0% during the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 496 shares during the last quarter. Evolution Wealth Advisors LLC purchased a new stake in Exxon Mobil during the second quarter valued at approximately $45,000. Finally, Arlington Partners LLC purchased a new stake in Exxon Mobil during the third quarter valued at approximately $45,000. 54.43% of the stock is owned by institutional investors.

In other news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now directly owns 189,800 shares in the company, valued at $13,445,432. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.05% of the stock is currently owned by company insiders.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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

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