Wall Street analysts expect that ExxonMobil (NYSE:XOM) will report earnings per share (EPS) of $1.18 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for ExxonMobil’s earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.45. ExxonMobil reported earnings per share of $0.95 in the same quarter last year, which suggests a positive year-over-year growth rate of 24.2%. The company is scheduled to announce its next earnings results before the market opens on Friday, April 27th.
According to Zacks, analysts expect that ExxonMobil will report full year earnings of $4.81 per share for the current financial year, with EPS estimates ranging from $4.39 to $6.62. For the next financial year, analysts expect that the business will report earnings of $4.77 per share, with EPS estimates ranging from $4.10 to $5.58. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover ExxonMobil.
ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.18). ExxonMobil had a return on equity of 8.00% and a net margin of 7.61%. The company had revenue of $66.52 billion during the quarter, compared to analyst estimates of $74.41 billion. During the same period in the prior year, the business earned $0.41 earnings per share. ExxonMobil’s quarterly revenue was up 9.0% on a year-over-year basis.
Several equities research analysts have weighed in on the company. Goldman Sachs reaffirmed a “neutral” rating and issued a $96.00 target price on shares of ExxonMobil in a research report on Thursday, February 1st. Wells Fargo set a $88.00 target price on ExxonMobil and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Barclays lowered ExxonMobil from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $91.00 to $84.00 in a research report on Tuesday, February 6th. Bank of America set a $100.00 target price on ExxonMobil and gave the stock a “buy” rating in a research report on Wednesday, March 7th. Finally, BMO Capital Markets increased their target price on ExxonMobil to $85.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 10th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $86.42.
A number of hedge funds have recently made changes to their positions in the stock. Beach Investment Management LLC. acquired a new position in shares of ExxonMobil in the 2nd quarter valued at $2,867,000. Community Bank N.A. boosted its position in shares of ExxonMobil by 17.1% in the 2nd quarter. Community Bank N.A. now owns 117,986 shares of the oil and gas company’s stock valued at $9,523,000 after purchasing an additional 17,255 shares during the period. Murphy Pohlad Asset Management LLC boosted its position in shares of ExxonMobil by 0.6% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 27,958 shares of the oil and gas company’s stock valued at $2,257,000 after purchasing an additional 155 shares during the period. Fernwood Investment Management LLC boosted its position in shares of ExxonMobil by 0.4% in the 2nd quarter. Fernwood Investment Management LLC now owns 24,435 shares of the oil and gas company’s stock valued at $1,973,000 after purchasing an additional 100 shares during the period. Finally, Allegis Investment Advisors LLC boosted its position in shares of ExxonMobil by 59.1% in the 2nd quarter. Allegis Investment Advisors LLC now owns 6,645 shares of the oil and gas company’s stock valued at $536,000 after purchasing an additional 2,469 shares during the period. 53.12% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE XOM opened at $78.54 on Friday. ExxonMobil has a 1-year low of $72.15 and a 1-year high of $89.30. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $329,844.03, a price-to-earnings ratio of 21.88, a P/E/G ratio of 1.16 and a beta of 0.91.
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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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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