Analysts forecast that Exxon Mobil Co. (NYSE:XOM) will announce $67.72 billion in sales for the current quarter, Zacks reports. Three analysts have made estimates for Exxon Mobil’s earnings, with estimates ranging from $61.85 billion to $77.45 billion. Exxon Mobil reported sales of $73.50 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 7.9%. The company is expected to announce its next earnings report before the market opens on Friday, July 26th.
According to Zacks, analysts expect that Exxon Mobil will report full-year sales of $268.14 billion for the current fiscal year, with estimates ranging from $249.74 billion to $311.90 billion. For the next fiscal year, analysts anticipate that the business will report sales of $298.11 billion, with estimates ranging from $251.90 billion to $407.09 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Exxon Mobil.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.20). Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. The firm had revenue of $63.63 billion during the quarter, compared to analysts’ expectations of $67.35 billion. During the same period in the previous year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year.
A number of research firms have recently weighed in on XOM. Credit Suisse Group set a $79.00 price objective on Exxon Mobil and gave the stock a “hold” rating in a research report on Tuesday, July 2nd. Berenberg Bank reiterated a “hold” rating and set a $76.00 target price on shares of Exxon Mobil in a research note on Thursday, April 11th. HSBC reiterated a “neutral” rating and set a $86.50 target price on shares of Exxon Mobil in a research note on Thursday, May 23rd. Morgan Stanley lowered their target price on shares of Exxon Mobil from $86.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, May 16th. Finally, Wells Fargo & Co upped their price objective on shares of Exxon Mobil from $76.00 to $80.00 and gave the company a “market perform” rating in a research note on Wednesday, April 3rd. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $84.76.
In other news, VP Bryan W. Milton sold 6,033 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $76.34, for a total value of $460,559.22. Following the completion of the sale, the vice president now directly owns 219,423 shares of the company’s stock, valued at $16,750,751.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockland Trust Co. raised its holdings in Exxon Mobil by 6.0% during the second quarter. Rockland Trust Co. now owns 201,201 shares of the oil and gas company’s stock worth $15,418,000 after purchasing an additional 11,460 shares in the last quarter. OLD Point Trust & Financial Services N A raised its holdings in Exxon Mobil by 0.7% during the second quarter. OLD Point Trust & Financial Services N A now owns 74,337 shares of the oil and gas company’s stock worth $5,697,000 after purchasing an additional 525 shares in the last quarter. Woodstock Corp raised its holdings in Exxon Mobil by 0.9% during the second quarter. Woodstock Corp now owns 111,284 shares of the oil and gas company’s stock worth $8,528,000 after purchasing an additional 980 shares in the last quarter. ELM Advisors LLC raised its holdings in Exxon Mobil by 8.1% during the second quarter. ELM Advisors LLC now owns 3,817 shares of the oil and gas company’s stock worth $292,000 after purchasing an additional 287 shares in the last quarter. Finally, Silverleafe Capital Partners LLC raised its holdings in Exxon Mobil by 15.3% during the second quarter. Silverleafe Capital Partners LLC now owns 3,776 shares of the oil and gas company’s stock worth $289,000 after purchasing an additional 500 shares in the last quarter. 54.54% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil stock opened at $76.13 on Thursday. Exxon Mobil has a twelve month low of $64.65 and a twelve month high of $87.36. The stock’s fifty day moving average is $74.90. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $322.11 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 1.83 and a beta of 0.97.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, May 13th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.57%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.82. The ex-dividend date was Friday, May 10th. Exxon Mobil’s dividend payout ratio is presently 70.59%.
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 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.
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