$63.44 Billion in Sales Expected for Exxon Mobil Corporation (XOM) This Quarter
Equities research analysts expect Exxon Mobil Corporation (NYSE:XOM) to report $63.44 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Exxon Mobil Corporation’s earnings, with the lowest sales estimate coming in at $59.86 billion and the highest estimate coming in at $65.67 billion. Exxon Mobil Corporation posted sales of $58.68 billion during the same quarter last year, which suggests a positive year over year growth rate of 8.1%. The business is expected to report its next earnings report on Friday, October 27th.
On average, analysts expect that Exxon Mobil Corporation will report full-year sales of $63.44 billion for the current fiscal year, with estimates ranging from $251.22 billion to $285.81 billion. For the next year, analysts forecast that the firm will report sales of $272.04 billion per share, with estimates ranging from $250.86 billion to $309.95 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Exxon Mobil Corporation.
Exxon Mobil Corporation (NYSE:XOM) last announced its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. During the same quarter last year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year.
A number of brokerages recently issued reports on XOM. Bank of America Corporation raised shares of Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $95.00 to $100.00 in a report on Thursday, May 11th. Wolfe Research downgraded shares of Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a report on Monday, July 17th. Goldman Sachs Group Inc reissued a “neutral” rating and set a $83.00 price target on shares of Exxon Mobil Corporation in a report on Tuesday, May 30th. Zacks Investment Research downgraded shares of Exxon Mobil Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, July 14th. Finally, BMO Capital Markets boosted their price target on shares of Exxon Mobil Corporation from $76.00 to $80.00 and gave the company a “market perform” rating in a report on Wednesday, June 21st. Eight analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil Corporation currently has an average rating of “Hold” and an average target price of $84.37.
Exxon Mobil Corporation (NYSE:XOM) traded up 0.30% during midday trading on Monday, hitting $76.33. 15,641,735 shares of the stock were exchanged. The stock has a market cap of $323.42 billion, a price-to-earnings ratio of 27.52 and a beta of 0.81. The firm has a 50 day moving average of $78.90 and a 200-day moving average of $81.06. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.21.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 4.04%. Exxon Mobil Corporation’s payout ratio is currently 111.19%.
In other news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the transaction, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. CNA Financial Corp raised its stake in shares of Exxon Mobil Corporation by 23.1% in the first quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock valued at $1,630,000 after buying an additional 3,725 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Exxon Mobil Corporation during the first quarter valued at approximately $754,000. Rosenbaum Jay D. raised its stake in shares of Exxon Mobil Corporation by 10.6% in the first quarter. Rosenbaum Jay D. now owns 17,951 shares of the oil and gas company’s stock valued at $1,473,000 after buying an additional 1,725 shares during the last quarter. Pinnacle Advisory Group Inc. raised its stake in shares of Exxon Mobil Corporation by 4.6% in the first quarter. Pinnacle Advisory Group Inc. now owns 20,403 shares of the oil and gas company’s stock valued at $1,673,000 after buying an additional 891 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in shares of Exxon Mobil Corporation by 0.4% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 554,787 shares of the oil and gas company’s stock valued at $45,498,000 after buying an additional 2,469 shares during the last quarter. Hedge funds and other institutional investors own 50.81% of the company’s stock.
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Exxon Mobil Corporation 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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