Equities research analysts forecast that Exxon Mobil Co. (NYSE:XOM) will post sales of $75.30 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Exxon Mobil’s earnings. The lowest sales estimate is $65.83 billion and the highest is $86.62 billion. Exxon Mobil posted sales of $63.29 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 19%. The company is expected to issue its next quarterly earnings results on Friday, April 27th.
On average, analysts expect that Exxon Mobil will report full-year sales of $75.30 billion for the current year, with estimates ranging from $276.24 billion to $329.15 billion. For the next fiscal year, analysts anticipate that the business will report sales of $300.73 billion per share, with estimates ranging from $289.25 billion to $311.32 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Exxon Mobil.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.18). The business had revenue of $66.52 billion during the quarter, compared to the consensus estimate of $74.41 billion. Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.41 EPS.
Several research analysts recently weighed in on XOM shares. Morgan Stanley set a $90.00 price objective on shares of Exxon Mobil and gave the stock a “sell” rating in a research note on Wednesday, January 24th. Credit Suisse Group set a $84.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. HSBC set a $80.00 price objective on shares of Exxon Mobil and gave the stock a “sell” rating in a research note on Thursday, January 18th. Goldman Sachs Group set a $92.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, January 22nd. Finally, Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research note on Saturday, January 13th. Seven analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Exxon Mobil has an average rating of “Hold” and a consensus price target of $87.42.
In other Exxon Mobil news, VP Robert N. Schleckser sold 4,877 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $83.37, for a total transaction of $406,595.49. Following the sale, the vice president now directly owns 187,663 shares in the company, valued at approximately $15,645,464.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Bradley W. Corson sold 19,500 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the sale, the vice president now owns 229,774 shares in the company, valued at $19,073,539.74. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock worth $4,273,910 over the last 90 days. Corporate insiders own 0.08% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of XOM. Shell Asset Management Co. grew its stake in shares of Exxon Mobil by 31.9% in the third quarter. Shell Asset Management Co. now owns 1,066,127 shares of the oil and gas company’s stock valued at $100,269,000 after buying an additional 257,727 shares in the last quarter. Compass Capital Management Inc. grew its stake in shares of Exxon Mobil by 1.5% in the second quarter. Compass Capital Management Inc. now owns 13,272 shares of the oil and gas company’s stock valued at $1,071,000 after buying an additional 199 shares in the last quarter. Mizuho Securities USA LLC bought a new position in shares of Exxon Mobil in the third quarter valued at $1,255,000. Rockefeller Financial Services Inc. grew its stake in shares of Exxon Mobil by 15.5% in the third quarter. Rockefeller Financial Services Inc. now owns 933,294 shares of the oil and gas company’s stock valued at $76,511,000 after buying an additional 125,501 shares in the last quarter. Finally, WESPAC Advisors LLC grew its stake in shares of Exxon Mobil by 82.0% in the second quarter. WESPAC Advisors LLC now owns 6,321 shares of the oil and gas company’s stock valued at $510,000 after buying an additional 2,848 shares in the last quarter. Institutional investors own 51.28% of the company’s stock.
Exxon Mobil (NYSE:XOM) opened at $78.35 on Wednesday. The stock has a market cap of $331,980.00, a PE ratio of 16.92, a PEG ratio of 1.14 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. Exxon Mobil has a one year low of $76.05 and a one year high of $89.30.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 12th will be issued a dividend of $0.77 per share. The ex-dividend date is Friday, February 9th. This represents a $3.08 annualized dividend and a yield of 3.93%. Exxon Mobil’s dividend payout ratio (DPR) is currently 66.52%.
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Exxon Mobil Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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