Market Update: Exxon Mobil Corporation (NYSE:XOM) – ExxonMobil Announces 2015 Reserves Additions

[Business Wire] – Exxon Mobil Corporation said today it added 1 billion oil -equivalent barrels of proved oil and gas reserves in 2015, replacing 67 percent of production, including a 219 percent replacement ratio for crude oil and other liquids. Read more on this. Exxon Mobil Corporation (XOM) , valued at $338.63B, opened at $82.03. Shares have traded today between $80.91 and $82.31 per share with its 52-week range being $66.55 to $90.09. Priced at 33.65x this year’s forecasted earnings, XOM shares are relatively expensive compared to the industry ’s 17.02x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.92 per share annually in dividends, yielding 3.60%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $0.36 per share, which would be $0.81 worse than the year-ago quarter and a $0.51 sequential decrease. Investors should also note that the full-year EPS estimate of $2.45 is a $1.40 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $50.32 Billion. If reported, that would be a 25.58% decrease over the year-ago quarter. In terms of ratings, Tudor Pickering downgraded XOM from Hold to Sell (Jan 26, 2016). Previously, Raymond James downgraded XOM from Mkt Perform to Underperform. Investors should keep in mind is that the average price target is $79.86, which is 2.65% below where the stock opened this morning. See more in (NYSE:XOM) Similar Articles: Market Update: Exxon Mobil Corporation (NYSE:XOM) – ExxonMobil shuts one of its offices in Azerbaijan: tax ministry Market Update: Exxon Mobil Corporation (NYSE:XOM) – Exxon Mobil Corporation Declares First Quarter Dividend Market Update: Exxon Mobil Corporation (NYSE:XOM) – ExxonMobil Contributes to North Texas Tornado Recovery and Relief Efforts