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Stock Update: Exxon Mobil Corporation (NYSE:XOM) – Apple PT Cut, Exxon Downgraded, Tesla Supplier Nvidia Is A Buy

[at Investor’s Business Daily] – Apple (AAPL), Exxon Mobil (XOM), Tesla (TSLA) supplier Nvidia (NVDA), SunPower (SPWR) and First Solar (FSLR) were subject to analyst scrutiny Thursday morning. Apple The iPhone maker received a price-target … Read more on this. Exxon Mobil Corporation (XOM) , with a current value of $363.78B, started trading this morning at $88.21. Looking at today’s trading action, the company’s one day range from $87.61 to $88.25 with the price of the stock fluctuating between $66.55 to $90.46 over the last 52 weeks. XOM shares are currently priced at 33.55x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -9.89x forward p/e ratio. And for passive income investors, the company pays shareholders $3.00 per share annually in dividends, yielding 3.37%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $0.62 per share, which would be $0.38 worse than the year-ago quarter and a $0.11 sequential increase. The full-year EPS estimate is $2.66, which would be a $1.19 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. When considering if perhaps the stock is under or overvalued, the average price target is $85.16, which is 3.46% below where the stock opened this morning. See more in (NYSE:XOM) Similar Articles: Company Update: Exxon Mobil Corporation (NYSE:XOM) – Exxon Mobil exports first cargo of offshore Gulf of Mexico crude Market Update: Exxon Mobil Corporation (NYSE:XOM) – Exxon Mobil must allow climate change vote -SEC Market Update: Exxon Mobil Corporation (NYSE:XOM) – Exxon Mobil Corporation Declares First Quarter Dividend
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