NEW YORK (TheStreet) -- Shares of Exxon Mobil are climbing, up 1.42% to $88.66 in early market trading Monday, after the oil giant posted fourth quarter earnings of $1.56 per share, easily surpassing the consensus estimate of $1.34 per share. Revenue of $87.28 billion for the period missed the $87.58 billion consensus estimates from Thomson Reuters. Exxon said the declining oil prices throughout the quarter cut into its revenue and profit. Lower crude prices allowed the company's chemical and refining operations to buy oil for much less, giving a boost to chemical earnings by 35% to $1.2 billion, but higher maintenance costs pushed refining profits down, according to the Associated Press. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Irving, TX-based Exxon Mobil is a manufacturer and marketer of commodity petrochemicals, as well as a range of specialty products. Separately, TheStreet Ratings team rates EXXON MOBIL CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation: "We rate EXXON MOBIL CORP (XOM) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in net income, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow." You can view the full analysis from the report here: XOM Ratings Report XOM data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Click to view a price quote on XOM. Click to research the Energy industry.
from Latest TSC Headlines http://ift.tt/1zwcLp8
No comments:
Post a Comment