Exxon Mobil Corp. (NYSE:XOM) issued its quarterly earnings data on Thursday. The company reported $1.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.77 by $0.02, Analyst Ratings News reports. The company had revenue of $112.40 billion for the quarter, compared to the consensus estimate of $107.40 billion. During the same quarter in the prior year, the company posted $2.09 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis.
Exxon Mobil Corp. (NYSE:XOM) traded up 0.70% during mid-day trading on Thursday, hitting $89.43. 3,862,666 shares of the company’s stock traded hands. Exxon Mobil Corp. has a one year low of $84.70 and a one year high of $95.49. The stock’s 50-day moving average is $87.44 and its 200-day moving average is $89.64. The company has a market cap of $393.6 billion and a price-to-earnings ratio of 11.17. Exxon Mobil Corp. also was the target of some unusual options trading activity on Wednesday. Traders acquired 39,587 call options on the company. This is an increase of approximately 125% compared to the average volume of 17,597 call options.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.84%.
A number of analysts have recently weighed in on XOM shares. Analysts at TheStreet reiterated a “buy” rating on shares of Exxon Mobil Corp. in a research note to investors on Tuesday, October 8th. On a related note, analysts at Raymond James upgraded shares of Exxon Mobil Corp. from an “outperform” rating to a “strong-buy” rating in a research note to investors on Friday, October 4th. They now have a $98.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $95.86.
Exxon Mobil Corporation (NYSE:XOM) is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products.
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