Equities analysts expect that Exxon Mobil Co. (NYSE:XOM) will post earnings of $1.36 per share for the current quarter, Zacks reports. Three analysts have made estimates for Exxon Mobil’s earnings, with estimates ranging from $1.06 to $1.55. Exxon Mobil posted earnings per share of $0.88 in the same quarter last year, which indicates a positive year-over-year growth rate of 54.5%. The firm is expected to announce its next earnings report on Friday, February 1st.
According to Zacks, analysts expect that Exxon Mobil will report full year earnings of $4.84 per share for the current fiscal year, with EPS estimates ranging from $4.72 to $4.99. For the next fiscal year, analysts forecast that the firm will post earnings of $5.58 per share, with EPS estimates ranging from $4.27 to $6.90. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Exxon Mobil.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. The business had revenue of $76.61 billion for the quarter, compared to analysts’ expectations of $72.91 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The business’s revenue was up 25.4% on a year-over-year basis.
XOM has been the topic of several analyst reports. Societe Generale set a $92.00 price objective on Exxon Mobil and gave the stock a “buy” rating in a report on Tuesday, September 4th. Morningstar set a $90.00 price objective on Exxon Mobil and gave the stock a “buy” rating in a report on Wednesday, September 5th. HSBC restated a “buy” rating and set a $96.00 price objective on shares of Exxon Mobil in a report on Wednesday, September 12th. Finally, Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a report on Monday, October 1st. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $86.82.
In other Exxon Mobil news, VP David S. Rosenthal sold 7,562 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $81.24, for a total value of $614,336.88. Following the transaction, the vice president now directly owns 258,250 shares of the company’s stock, valued at $20,980,230. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James M. Spellings, Jr. sold 9,522 shares of the firm’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $78.41, for a total value of $746,620.02. Following the completion of the transaction, the insider now directly owns 249,122 shares in the company, valued at $19,533,656.02. The disclosure for this sale can be found here. Insiders sold a total of 39,939 shares of company stock worth $3,241,095 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in XOM. Kwmg LLC purchased a new stake in shares of Exxon Mobil during the second quarter worth about $102,000. WESPAC Advisors SoCal LLC purchased a new stake in shares of Exxon Mobil during the third quarter worth about $110,000. Clearwater Capital Advisors LLC purchased a new stake in shares of Exxon Mobil during the first quarter worth about $122,000. Trilogy Capital Inc. purchased a new stake in shares of Exxon Mobil during the first quarter worth about $149,000. Finally, Mainstay Capital Management LLC ADV increased its position in shares of Exxon Mobil by 112.7% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,887 shares of the oil and gas company’s stock worth $156,000 after acquiring an additional 1,000 shares during the last quarter. 53.33% of the stock is currently owned by institutional investors.
Shares of XOM stock traded down $0.75 during mid-day trading on Friday, hitting $77.64. 16,099,725 shares of the company’s stock were exchanged, compared to its average volume of 13,222,158. Exxon Mobil has a fifty-two week low of $72.15 and a fifty-two week high of $89.30. The company has a quick ratio of 0.54, a current ratio of 0.83 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $336.58 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 2.20 and a beta of 0.84.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Friday, November 9th. Exxon Mobil’s dividend payout ratio (DPR) is currently 91.36%.
Exxon Mobil Company Profile
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; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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