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Stock Update: Exxon Mobil Corporation (NYSE:XOM) – ExxonMobil Announces Retirement of Alan Kelly and Expected Appointment of Bryan Milton as President, ExxonMobil Fuels, Lubricants & Specialties Marketing Company

[Business Wire] – Alan Kelly, president of ExxonMobil Fuels, Lubricants & Specialties Marketing Company, has announced his intention to retire effective Aug. 1, 2016, after more than 34 years of service. Read more on this. Exxon Mobil Corporation (XOM) , with a current market cap of $388.70B, started the session at $92.33. Today, shares have traded between $92.30 and $93.83 per share and has traded between $66.55 and $93.83 over the past year. XOM shares are currently priced at 34.37x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -21.14x earnings multiple. The company pays shareholders $3.00 per share in dividend income per year, for a current yield of 3.30%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $0.62 per share, which would be $0.38 worse than the year-ago quarter and a $0.14 sequential increase. The full-year EPS estimate is $2.69 which would be a $1.16 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $57.87 Billion. If reported, that would be a 21.91% decrease over the year-ago quarter. In terms of ratings, BofA/Merrill downgraded XOM from Buy to Neutral (Jun 2, 2016). Previously, Argus upgraded XOM from Hold to Buy. The average price target for XOM shares by the analysts covering it is $86.95, which is 5.83% below where the stock opened. See more in (NYSE:XOM) Similar Articles: Company Update: Exxon Mobil Corporation (NYSE:XOM) – ExxonMobil Employees Spark Girls’ Interest in Engineering Market Update: Exxon Mobil Corporation (NYSE:XOM) – ExxonMobil Announces 2015 Reserves Additions Market Update: Exxon Mobil Corporation (NYSE:XOM) – Exxon Mobil Corporation Declares First Quarter Dividend
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