Jefferies Financial Group Comments on Exxon Mobil Co.’s Q1 2019 Earnings (XOM)

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Exxon Mobil Co. (NYSE:XOM) – Research analysts at Jefferies Financial Group issued their Q1 2019 earnings per share estimates for Exxon Mobil in a report issued on Monday, November 5th. Jefferies Financial Group analyst J. Gammel expects that the oil and gas company will earn $1.60 per share for the quarter. Jefferies Financial Group has a “Neutral” rating and a $87.00 price target on the stock. Jefferies Financial Group also issued estimates for Exxon Mobil’s Q2 2019 earnings at $1.51 EPS and Q4 2019 earnings at $1.38 EPS.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.25. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.56%. The firm had revenue of $76.61 billion during the quarter, compared to analysts’ expectations of $72.91 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The firm’s quarterly revenue was up 25.4% on a year-over-year basis.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada reissued a “buy” rating and set a $105.00 price objective on shares of Exxon Mobil in a report on Wednesday, August 8th. Macquarie reissued a “sell” rating and set a $70.00 price objective on shares of Exxon Mobil in a report on Friday, October 19th. HSBC set a $95.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $88.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 10th. Finally, Barclays boosted their price objective on shares of Exxon Mobil from $84.00 to $87.00 and gave the company an “underweight” rating in a report on Wednesday, July 11th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $86.82.

XOM opened at $81.99 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51. Exxon Mobil has a twelve month low of $72.15 and a twelve month high of $89.30. The company has a market cap of $347.26 billion, a PE ratio of 22.84, a P/E/G ratio of 1.33 and a beta of 0.86.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be issued a dividend of $0.82 per share. The ex-dividend date is Friday, November 9th. This represents a $3.28 dividend on an annualized basis and a yield of 4.00%. Exxon Mobil’s dividend payout ratio is currently 91.36%.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the transaction, the vice president now directly owns 214,774 shares in the company, valued at $18,045,311.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of XOM. Macroview Investment Management LLC bought a new position in shares of Exxon Mobil during the first quarter worth $102,000. Kwmg LLC bought a new position in shares of Exxon Mobil during the second quarter worth $102,000. CSat Investment Advisory L.P. bought a new position in shares of Exxon Mobil during the second quarter worth $108,000. Corbyn Investment Management Inc. MD bought a new position in shares of Exxon Mobil during the first quarter worth $110,000. Finally, WESPAC Advisors SoCal LLC bought a new position in shares of Exxon Mobil during the third quarter worth $110,000. Institutional investors and hedge funds own 52.43% of the company’s stock.

About Exxon Mobil

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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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

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