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Stock Update (NYSE:XOM): Factbox: Climate change proposals for Exxon, Chevron shareholders

[Reuters] – The stakes are highest at Exxon, which has come under intense scrutiny from environmentalists and some investors this past year over the way it handled climate change data. With public sentiment pressuring big oil companies on environmental issues, the votes this year could mark the first time a climate change-related proposal passes muster with a majority of Exxon’s shareholders. Read more on this. Exxon Mobil Corporation (XOM) , with a current market cap of $371.83B, began trading this morning at $89.89. During today’s session, XOM traded between $89.55 to $90.40 with a one year range of $66.55 to $90.40. Exxon (XOM) shares are currently priced at 33.94x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -1.78x earnings multiple for the same period. And for income investors, the company pays shareholders $3.00 per share annually in dividends, yielding 3.34%. According to a consensus of 18 analysts, the earnings estimate of $0.62 per share would be $0.38 worse than the year-ago quarter and a $0.11 sequential increase. The full-year EPS estimate is $2.64, which would be a $1.21 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $57.81 Billion. If realized, that would be a 21.99% decrease over the year-ago quarter. More recently, Argus upgraded XOM from Hold to Buy (May 18, 2016). Previously, Nomura Initiated XOM at to Reduce. The average price target for XOM shares by the analysts covering it is $85.02, which is 5.42% below where the stock opened. See more in (NYSE:XOM) Similar Articles: Stock Update (NYSE:XOM): Probe of Exxon’s climate change disclosures expands Market Update: Exxon Mobil Corporation (NYSE:XOM) – Exxon Mobil must allow climate change vote -SEC Company Update (NYSE:XOM): Exclusive: New York asks SEC to force climate vote onto Exxon proxy
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