Exxon Mobil profit drops on weaker gas prices, higher costs

Mobil are seen in its booth at Gastech the world's biggest expo for the gas industry in Chiba Japan

Mobil are seen in its booth at Gastech the world's biggest expo for the gas industry in Chiba Japan

The fund owned 20,600 shares of the oil and gas company's stock after purchasing an additional 745 shares during the quarter. The institutional investor owned 156,774 shares of the oil and gas company's stock after buying an additional 66,756 shares during the quarter. It increased, as 51 investors sold XOM shares while 747 reduced holdings. Kistler Tiffany Companies LLC boosted its holdings in shares of Exxon Mobil by 10.8% in the 4th quarter. Revenue of $69 billion was down from $73.5 billion a year earlier but exceeded the mean analyst estimate of $65.2 billion. Exxon Mobil accounts for 0.8% of Commonwealth Equity Services LLC's holdings, making the stock its 22nd largest position. Additionally, trading for the stock in the period of the last six months notably deteriorated to -1.12%, alongside a downfall of -11.10% for the period of the last 12 months. The institutional investor held 1.34M shares of the integrated oil company at the end of 2019Q1, valued at $110.25 million, up from 1.30 million at the end of the previous reported quarter. Cornell Pochily Investment Advisors Inc. boosted its stake in shares of Exxon Mobil by 21.4% during the 2nd quarter.

A number of brokerages have recently issued reports on XOM. The stock of Exxon Mobil Corporation (NYSE:XOM) earned "Buy" rating by HSBC on Thursday, March 14. JPMorgan Chase & Co. set a $85.00 price target on shares of Exxon Mobil and gave the company a "neutral" rating in a research note on Friday. Berenberg Bank restated a "hold" rating and issued a $76.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 11th. Finally, Tudor Pickering assumed coverage on shares of Exxon Mobil in a research report on Monday, April 8th. They issued a "hold" rating and a $82.49 price target on the stock.

Among 10 analysts covering Exxon Mobil (NYSE:XOM), 3 have Buy rating, 1 Sell and 6 Hold. First Midwest Comml Bank Division holds 1.66% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 151,099 shares.

Shares of Exxon Mobil stock opened at $71.75 on Friday. The firm has a market capitalization of $302.16 billion, a PE ratio of 14.49, a PEG ratio of 2.05 and a beta of 0.97.

Technical Analysis of Exxon Mobil Corporation: Looking into the profitability ratios of XOM stock, the shareholder will find its ROE, ROA and ROI standing at 9.8%, 5.3% and 4.8%, respectively. The company has a fifty day moving average price of $75.90. Df Dent Communications Inc accumulated 26,487 shares or 0.04% of the stock.

Net income fell to Dollars 3.13 Billion, or USD 0.73 per share in the second quarter. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.68 by $0.05. Nucor Corporation (NYSE:NUE) has declined 19.09% since August 3, 2018 and is downtrending. Peddock Capital Advsr Lc has invested 33.94% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Analysts anticipate that Exxon Mobil Co. will post 3.36 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be issued a $0.87 dividend. The ex-dividend date is Monday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 4.87%. Smithfield Trust stated it has 0.86% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). The shares were sold at an average price of $76.34, for a total value of $460,559.22.

Shares in Whiting Petroleum Corp. plunged 39% on Thursday after the company disclosed a production slowdown.

Exxon Mobil Corporation explores for and produces natural gas and crude oil in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. The firm operates through Upstream, Downstream, and Chemical divisions. This decrease was partly offset by improved oil production.

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