Exxon Mobil earnings badly miss estimates at 41 cents per share

Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Tuesday, January 31st.

But the company continues to struggle to maintain production, which fell 3 percent compared with the fourth quarter of 2015.

Stock Only Trade I would not set up a new position or add to any current positions at this time.

Like with many other oil majors, capital and exploration expenditures at Exxon were sharply down last year, with Q4 expenditures down 35 percent annually to US$4.829 billion, and full-year spending down 38 percent at US$19.304 billion.

The company has kept earnings positive by cutting back sharply on capital expenditures. The fund owned 73,462 shares of the company's stock after selling 1,515 shares during the period.

Meanwhile, the company's downstream earnings declined 8 percent from a year ago to $1.24 billion, reflecting weaker refining and marketing margins. Farmers & Merchants Investments Inc. now owns 135,814 shares of the company's stock worth $12,731,000 after buying an additional 1,228 shares during the period. BlackRock Fund Advisors is the second biggest holder with 144 million shares now valued at 12.61 B million whilst State Street Corp has 142 million shares valued at 12.40 B million.

EPS in next five year years is expected to touch 13.23% while EPS growth in past 5 year was -9.20% along with sales growth of -6.90% in the last five years. Vetr raised Exxon Mobil Corporation from a "hold" rating to a "buy" rating and set a $87.73 price objective on the stock in a research note on Tuesday, November 1st. The stock appeared 133.50 above its 52-week highs and is up 0.73% for the last five trades. The consensus analyst PT for this stock has now been moved to $153.72. The rating score is on a scale of 1-5 where 1 stands for strong buy and 5 stands for sell.

Irving, Texas-based Exxon Mobil's fourth-quarter net income was $1.68 billion or $0.41 per share, down from $2.78 billion or $0.67 per share in the prior-year quarter. The earning yield also gives right direction to lure investment, as the co has 3.54% dividend yield. Taking a further look from a different perspective, the stock has been recently recorded -12.20% off of the 52-week high of 95.55 and +12.97% apart from the 52-week low of 74.26.

Along with these its year to date performance is standing at -5.26%. The insider owns 2,618,856 shares as of less than 0.1%, now worth $219695829.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Last September it asked the company to explain why, in the light of the big fall in oil prices, it had not cut the book value of some of its assets, when the firm's main rivals had all done so.

But, it is "too early to give up on Exxon Mobil", Terreson contended.

In other Exxon Mobil Corporation news, insider James M. Spellings, Jr. sold 15,678 shares of Exxon Mobil Corporation stock in a transaction that occurred on Tuesday, December 6th.

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