Published: Sat, January 21, 2017
Hi-Tech | By Merle Christensen

Exxon Mobil Corporation (XOM): Deal Over Permian Holdings Signed


Analysts give NYCB a mean recommendation of 3.10.

"Given the current outlook for oil and a potential economic rebound in 2017, Exxon Mobil at $77 is an attractive risk reward" said McCoy.

In other news, VP Neil A. Chapman sold 16,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03.

The Permian Basin has become increasingly attractive of late because other large USA shale fields are only profitable with oil prices at US$60 per barrel or higher, while oil in the Permian can be produced at current prices of around US$53 per barrel. Exxon Mobil Corporation makes up approx 0.35% of Gemmer Asset Management's portfolio.Lathrop Investment Management Corp boosted its stake in XOM in the latest quarter, The investment management firm added 3,275 additional shares and now holds a total of 131,095 shares of Exxon Mobil Corporation which is valued at $11,380,357. Exxon Mobil Corp. The business's revenue for the quarter was down 12.9% compared to the same quarter past year.

Permian acreage is a prized because the basin's geology allows drillers to produce oil at very low prices and profit from the operations even as a severe oil price downturn extends into a third year. The number of shares now owned by investors are 4.15 bln. Under the 64-year-old, Exxon Mobil rebuffed shareholder efforts to push for more renewable investments and force the company to disclose risks associated with climate change.

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In case of Revenue Estimates, 5 analysts have provided their consensus Average Revenue Estimates for Exxon Mobil Corporation as 64.68 Billion. The firm has a 50 day moving average price of $88.89 and a 200-day moving average price of $88.13.

The performance for week is 0.41% and the performance for quarter is at 0.58%. Jefferies Group has a "Neutral" rating and a $92.00 price target on the stock. (NYSE:PEP) stock. Analyst's mean target price for PEP is $115.25 while analysts mean recommendation is 2.10.

Over the period of 6 months, Insider Purchases show a total of 1 transaction in which 5115 shares were traded. Institutional investors and hedge funds own 49.95% of the company's stock.

The stock is now showing YTD performance of -6.13 Percent. The disclosure for this sale can be found here. Physicians Financial Services Inc. raised its stake in Exxon Mobil Corporation by 0.8% in the second quarter. Tuttle Tactical Management LLC purchased a new stake in shares of Exxon Mobil Corp. during the second quarter valued at approximately $125,000.

CenturyLink, Inc. (NYSE:CTL) shares moved to $25.47 after starting the day at $25.26 on Tuesday. The Company is engaged in the exploration and production of crude oil and natural gas. Company insiders own 0.14% of the company's stock. The Market Capitalization of the company stands at 351.31 Billion. Finally, HSBC set a $91.00 price objective on Exxon Mobil Corporation and gave the stock a "neutral" rating in a report on Tuesday, October 11th. Monitoring stock price activity relative to moving averages and the highs and lows for the past year might help with future stock price value assessment.

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