Markets

Exxon Mobil Q2 Profit Surges, But Misses View; Chevron Turns To Profit

Exxon Mobil Q2 Profit Surges, But Misses View; Chevron Turns To Profit

The legal version of this piece of content can be viewed at https://weekherald.com/2017/07/28/sterling-investment-management-inc-has-1-15-million-position-in-exxon-mobil-corporation-nysexom.html.

Other hedge funds have also made changes to their positions in the company. Alta Ltd Liability invested 0.02% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Aviance Capital Partners Llc bought 35,586 shares as the company's stock rose 0.21% with the market. Empirical Finance LLC acquired a new position in Exxon Mobil Corporation during the fourth quarter valued at approximately $172,000. The oil and gas company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.85 by $0.10. On October 31, 2016 the stock rating was rated "Buy" in a report from Goldman Sachs up from the previous "Conviction Buy" rating. Northwest Invest Counselors Limited Liability invested 0.82% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Minnesota-based Compass Capital Mgmt has invested 0.24% in Exxon Mobil Corporation (NYSE:XOM). Sterling Global Strategies LLC now owns 5,225 shares of the oil and gas company's stock worth $472,000 after buying an additional 19 shares during the period.

The total number of shares percentage held by insiders is about 0.13% while the number of Shares % held by institutions is 50.1%.

Now the shares of Exxon Mobil Corporation (XOM) has the trading volume of 11.15 Million shares with the average trading volume of 10230 shares.

The stock Hit its 1-year high of $93.21 on 12/13/16 and its 1-year low price of $79.26 on 06/02/17. GBX 4799.26's average target is 7.99% above currents GBX 4443.99 stock price. Blackrock Institutional Trust Company who had been investing in Exxon Mobil Corp for a number of months, seems to be bullish on the $342.50B market cap company.

Exxon Mobil's second-quarter profit doubled from a year ago with crude prices up over the past 12 months, pumping up profits in its oil production business.

Estimates: EPS seen doubling to 87 cents per share with revenue up 10% to $63.6 billion, according to Zacks Investment Research. Drexel Morgan has invested 2.69% in Exxon Mobil Corporation (NYSE:XOM).

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Like its peers, Exxon spent less capital in this year's second quarter than last, with capital and exploration expenditures down 24 percent from Q2 to US$3.9 billion. The Mason Street Advisors Llc holds 567,248 shares with $51.20M value, up from 560,956 last quarter. On average, analysts forecast that Exxon Mobil Corporation will post $3.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Patriot Wealth Mgmt invested in 0.94% or 55,319 shares. Jefferies Group LLC reissued a "neutral" rating and set a $92.00 price target on shares of Exxon Mobil Corporation in a research report on Thursday, April 6th. This represents a $3.08 annualized dividend and a yield of 3.81%.

The Average Volume for 10 days is 10.23 Million for Exxon Mobil Corp (NYSE:XOM). If you are reading this report on another site, it was stolen and republished in violation of global trademark and copyright legislation. Finally, Societe Generale set a $95.00 price target on shares of Exxon Mobil Corporation and gave the company a "buy" rating in a research report on Friday, July 14th.

Here are four stocks trading with heavy volume among 77 equities making new 52-week lows in Friday's session.

On June 5 the company was upgraded from " to "Sector Outperform" in a report from Scotia Howard Weil. Finally, Wolfe Research cut Exxon Mobil Corporation from a "market perform" rating to an "underperform" rating in a report on Monday, July 17th.

Among 3 analysts covering Primo Water (NASDAQ:PRMW), 2 have Buy rating, 0 Sell and 1 Hold. Exxon Mobil Corporation now has a consensus rating of "Hold" and an average price target of $85.46.

In the downstream division, Exxon said it plans to expand into the Mexican fuel market, allocating US$300 million for logistics, product inventories, and marketing activities over the next decade to grow its Mobil-branded fuel station network in the country.


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