Monday, June 28, 2010

Goldman Sachs (NYSE:GS) Lowers EPS for EXxonMobil (NYSE:XOM)

Citing their recent acquisition of XTO Energy (NYSE:XTO), Goldman Sachs (NYSE:GS) has lowered their earnings per share estimates for EXxonMobil (NYSE:XOM) through 2012.

The reasoning is the extensive dilution of earnings the company should experience as a result of buying XTO.

Goldman maintains a "Neutral" rating on ExxonMobil, along with a $65 price target.

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