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Exxon Mobile Corporation (XOM) Keeps Value

Jun 06 2011

WASHINGTON - JANUARY 20:  ExxonMobil Corporati...

Image by Getty Images via @daylife

Exxon Mobile Corp (XOM) has maintained its value as the overall markets have turned bearish over the past couple of weeks. The oil/natural gas exploration and development company remains near its 52-week as analyst continue to anticipate strong earnings in the coming quarters. Currently the company is valued at $395 billion and offers a dividend of 1.88 or a 2.3% yield.

The company will announce their current quarter results on July 25th. Exxon has been able to beat the street all four of their last earnings announcements. Staying 2.9% above estimates on March 11 of this year. This quarter analysts expect the company to earn $2.30  a share, which has been raised regularly over the past 90 days from $1.83/share. Revenue also continues to grow with the current quarter expected to see 34.5% growth over the same quarter last year. The stock has a PEG ratio of 1.43 while the price to earnings ratio is 11.43.

Bloomberg reported today that commodities are falling as the economic recovery has come into question. Oil has fallen below $100 a barrel even with the summer driving season upon us. Probably not the best of news of an oil and gas distributor, but Exxon remains on top of an industry that is giving back earlier gains.

The stock options for the company are active with Puts at the strike price of $80 seeing interest today. The overall market fell 1.08% with Exxon (XOM) falling a similar amount. The chart trend is still strong but the trade is negative even with the strong earnings to be released in a little over a month. I would stay away from the stock or take any gains you might have at this time.

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