Exxon Mobil Corporation (XOM) reported quarterly earnings results on Friday, Apr-29-2016. The company said it had a profit of $0.43 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $0.32. The company posted revenue of $48707.00 million in the period, compared to analysts expectations of $50135.41 million. The company’s revenue was down -28.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS.
Many Wall Street Analysts have commented on Exxon Mobil Corporation. Company shares were Reiterated by Barclays on Apr 8, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 85 from a previous price target of $80 .Shares were Reiterated by Deutsche Bank on Mar 29, 2016 to “Hold” and Lowered the Price Target to $ 82 from a previous price target of $85 .Nomura Initiated Exxon Mobil Corporation on Mar 18, 2016 to “Reduce”, Price Target of the shares are set at $70.
Exxon Mobil Corporation opened for trading at $87.95 and hit $88.715 on the upside on Wednesday, eventually ending the session at $88.46, with a gain of 0.95% or 0.83 points. The heightened volatility saw the trading volume jump to 1,04,63,503 shares. Company has a market cap of $367,353 M.
In a different news, on Feb 18, 2016, Dennis G Wascom (Vice President) sold 5,326 shares at $81.75 per share price. According to the SEC, on Feb 10, 2016, Bradley W Corson (Vice President) sold 2,000 shares at $81.00 per share price. On Feb 8, 2016, James M Jr Spellings (Vice Pres. & Gen. Tax Counsel) sold 11,924 shares at $78.90 per share price, according to the Form-4 filing with the securities and exchange commission.
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas. The Company is involved in the manufacturing of petroleum products and transportation and sale of crude oil natural gas and petroleum products. The Company also manufactures and markets petrochemicals including olefins aromatics polyethylene and polypropylene plastics and a variety of specialty products. The Companys projects include the Kearl project Heidelberg project the Point Thomson project the Hadrian South project the Lucius project the Chirag Oil project the Tapis Enhanced Oil Recovery project the Damar project and the Barzan project among others. The Company is conducting its operations and projects in the United States Asia Africa Canada/South America Europe and Australia/Oceania.