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Company Update (NYSE:XOM): U.S. ExxonMobil still plans building LNG plant in Russia’s Sakhalin or Khabarovsk

[Reuters] – U.S. energy major ExxonMobil is still considering plans to build a liquefied natural gas plant either in the island of Sakhalin or in Khabarovsk region in Russia’s far east, a senior company manager said … Read more on this. Exxon Mobil Corporation (XOM) , currently valued at $350.56B, started trading this morning at $83.68. Today, shares have traded between $82.72 and $84.39 per share and has traded between $66.55 and $90.09 over the past 12 months. Priced at 35.87x this year’s forecasted earnings, XOM shares are relatively expensive compared to the industry’s 1.12x forward p/e ratio. And for passive income investors, the company pays shareholders $2.92 per share annually in dividends, yielding 3.54%. According to a consensus of 16 analysts, the earnings estimate of $0.30 per share would be $0.87 worse than the year-ago quarter and a $0.48 sequential decrease. Investors should also note that the full-year EPS estimate of $2.31 is a $1.54 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $48.02 Billion. If reported, that would be a 28.99% decrease over the year-ago quarter. More recently, Tudor Pickering downgraded XOM from Hold to Sell (Jan 26, 2016). Previously, Raymond James downgraded XOM from Mkt Perform to Underperform. The average price target for XOM shares by the analysts covering the stock is $81.07, which is 3.12% below where the stock opened this morning. See more in (NYSE:XOM) Similar Articles: Company Update (NYSE:XOM): ExxonMobil Launches Speedpass+ Mobile Payment App with Apple Pay Company Update: Exxon Mobil Corporation (NYSE:XOM) – ExxonMobil Employees Spark Girls’ Interest in Engineering Market Update: Exxon Mobil Corporation (NYSE:XOM) – ExxonMobil Contributes to North Texas Tornado Recovery and Relief Efforts
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