$2B Asset Writedown Hits Exxon's Q4 Earnings

On January 31,2017, Exxon Mobil Corporation (NYSE:XOM) closed session down at $83.89 with -1.14%.

Production for the quarter fell 3% to 4.1 million barrels of oil equivalent from 4.2 mmboe a year earlier, but finished the full year down only 1%, with declines in natural gas production offsetting slight gains in liquids production. Whereas the traders who further want to see about this, may be interested to see Price to next year's EPS that would be 92.18%.

The company projected a $22 billion spending plan for this year, which would be 14% higher than the $19.3 billion Exxon XOM, -1.66% spent in 2016.

Other Asset Management firms and mutual funds Sell and Buy Stocks to adjust their portfolio based on the Investoment strategies.Amica Retiree Medical Trust boosted its stake in XOM in the latest quarter, The investment management firm added 2,578 additional shares and now holds a total of 23,680 shares of Exxon Mobil Corporation which is valued at $2,024,877.

Turning to United States Steel Corporation (NYSE:X), its shares were trading at $32.71 a retreat of $-0.29, on the trading floor.

For the October-to-December period, profits fell to $1.68 billion, or 41 cents a share, from $2.78 billion. Following the transaction, the Executive Officer is left with a stake of 454.4 shares, now valued at $38120. The EPS growth rate is projected at 8.06%.

The Relative Volume of the company is 1.13 and Average Volume (3 months) is 11.31 million.

Exxon was alone among major energy companies in not having recognized on its books any reduction in the value of its reserves, a development that had become fairly routine for peers as prices crashed in recent years. The stock appeared 133.50 above its 52-week highs and is up 0.73% for the last five trades. The company presently has a consensus rating of "Hold" and a consensus price target of $87.25. While revenue estimates for the current year is $230.92B, Exxon Mobil Corporation (NYSE:XOM) setting the highest revenues estimates of $285.82B and indicating lowest revenues at $203.67B according to agreement of 9 number of analysts. The company had Year Ago Sales of 59.81 Billion.

The largest US oil company banked $1.7 billion in net income, or 41 cents a share, in the fourth quarter, down from $2.8 billion, or 67 cents a share, in the same October-December period the year before. The stock has earnings growth of -49.30% yoy and showed a low EPS growth of 24.90% over the past five years. It has a dividend yield of 3.51%. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

During the most recent trading session, Zynga Inc.

Exxon Vice President Jeff Woodbury described that as a part of the company's "relentless focus on costs". Tracking the stock price in relation to moving averages may provide enhanced perspective on stock performance. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products.

 

Noticias
Mas noticias