Exxon says it will spend $20B of Gulf Coast projects

Exxon says it will spend $20B of Gulf Coast projects

Exxon says it will spend $20B of Gulf Coast projects

Exxon Mobil Corporation (NYSE:XOM) is trading in long-term projects that pump oil over decades for USA shale drilling that can be switched on or off as crude prices change.

Credit Suisse analysts provided their view on Exxon Mobil Corporation (NYSE:XOM) recently.

A number of other large investors have also bought and sold shares of the company. The WSJ reported that the company has now shed around 4,400 jobs in six months. Expect increased sales in the current quarter as well. Following the sale, the vice president now directly owns 183,765 shares of the company's stock, valued at $16,906,380. Exxon Mobil's dividend payout ratio is now 159.58%. The company's revenue for the quarter was up 2.0% compared to the same quarter past year. LLC raised its position in shares of Exxon Mobil by 264.3% in the second quarter. Insiders own 0.14% of the company's stock. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 44.13. The firm has a 50-day moving average price of $83.47 and a 200 day moving average price of $86.21.

Exxon's shares closed at $82.46 on Friday, down about 1% for the day in a 52-week range of $80.76 to $95.55. Exxon Mobil Corporation had a return on equity of 5.04% and a net margin of 3.98%. The firm's revenue for the quarter was up 2.0% compared to the same quarter past year. This year Company's Earnings per Share (EPS) growth is 228.80% and next year's EPS growth is 11.13%. Stockholders of record on Thursday, February 9th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Tuesday, February 7th.

Fort Pitt Capital Group LLC raised its stake in Exxon Mobil Co.

Uber uses a software tool to identify and sidestep code enforcement officials
Rival company Alphabet has also accused Uber of stealing designs for technology for self-driving cars - a claim Uber has denied. The software, called Greyball, was developed to help protect the company from "violations of terms of service".

HOUSTON-Darren Woods, chairman and CEO of ExxonMobil Corp. If you are accessing this news story on another publication, it was copied illegally and republished in violation of USA & worldwide copyright legislation.

Scotiabank set a $90.00 target price on Exxon Mobil Co. It includes investments that began in 2013.

When it comes to the Analysis of a Stock, Price Target plays a vital role. They noted that the move was a valuation call.

Secretary of State Rex Tillerson is the oil conglomerate's former CEO. Exxon Mobil has an average rating of "Hold" and a consensus target price of $88.40. Credit Suisse Group now has a rating of Underperform on the shares. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The disclosure for this sale can be found here.

According to these analysts, the Low Revenue Estimate for Exxon Mobil Corporation is 64 Billion and the High Revenue Estimate is 70.83 Billion. It also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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