Wall Street analysts expect Exxon Mobil Co. (NYSE:XOM) to announce $68.90 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Exxon Mobil’s earnings. The lowest sales estimate is $63.76 billion and the highest is $78.25 billion. Exxon Mobil posted sales of $76.61 billion in the same quarter last year, which would indicate a negative year over year growth rate of 10.1%. The business is expected to report its next earnings report on Friday, November 1st.
According to Zacks, analysts expect that Exxon Mobil will report full year sales of $271.96 billion for the current financial year, with estimates ranging from $254.46 billion to $293.85 billion. For the next financial year, analysts forecast that the firm will report sales of $303.78 billion, with estimates ranging from $255.72 billion to $404.43 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Exxon Mobil.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. Exxon Mobil’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 earnings per share.
A number of research firms have commented on XOM. Independent Research set a $74.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a report on Thursday, August 29th. Barclays began coverage on Exxon Mobil in a report on Monday, August 19th. They set an “equal weight” rating and a $73.00 target price on the stock. UBS Group reduced their target price on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Berenberg Bank reaffirmed a “hold” rating and set a $76.00 target price on shares of Exxon Mobil in a report on Wednesday, August 7th. Finally, DZ Bank raised Exxon Mobil from a “sell” rating to a “hold” rating and reduced their target price for the stock from $72.00 to $70.00 in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $81.13.
In related news, VP Robert N. Schleckser sold 9,345 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the sale, the vice president now owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in XOM. Massey Quick Simon & CO. LLC increased its position in Exxon Mobil by 121.2% in the 2nd quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 183 shares during the period. Krane Funds Advisors LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at approximately $26,000. Asset Planning Services Ltd. increased its position in Exxon Mobil by 1,984.0% in the 2nd quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 496 shares during the period. INR Advisory Services LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at approximately $43,000. Finally, Evolution Wealth Advisors LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at approximately $45,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.
XOM traded up $0.66 on Tuesday, reaching $72.64. The company’s stock had a trading volume of 6,979,388 shares, compared to its average volume of 9,750,538. The stock has a market cap of $304.56 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 2.15 and a beta of 0.99. Exxon Mobil has a 1 year low of $64.65 and a 1 year high of $87.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.47. The business’s 50 day moving average is $70.46 and its 200 day moving average is $75.97.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th were issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 4.79%. The ex-dividend date was Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.
About Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
See Also: Producer Price Index (PPI)
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