-$0.62 Earnings Per Share Expected for Exxon Mobil Co. (NYSE:XOM) This Quarter

Equities analysts expect Exxon Mobil Co. (NYSE:XOM) to report ($0.62) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Exxon Mobil’s earnings. The highest EPS estimate is ($0.31) and the lowest is ($1.03). Exxon Mobil reported earnings of $0.73 per share in the same quarter last year, which indicates a negative year over year growth rate of 184.9%. The firm is expected to announce its next earnings report on Friday, August 7th.

On average, analysts expect that Exxon Mobil will report full year earnings of ($0.90) per share for the current financial year, with EPS estimates ranging from ($1.68) to $0.47. For the next year, analysts expect that the company will report earnings of $0.31 per share, with EPS estimates ranging from ($1.11) to $1.99. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Exxon Mobil.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.49. The business had revenue of $56.16 billion during the quarter, compared to the consensus estimate of $58.25 billion. Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share.

Several analysts have recently weighed in on XOM shares. Goldman Sachs Group reaffirmed a “sell” rating and set a $49.00 price target on shares of Exxon Mobil in a research note on Friday, March 6th. UBS Group lifted their price target on shares of Exxon Mobil from $46.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Barclays reaffirmed a “hold” rating and set a $67.00 price target on shares of Exxon Mobil in a research note on Thursday, January 30th. Cowen decreased their price target on shares of Exxon Mobil from $58.00 to $54.00 and set a “market perform” rating for the company in a research note on Friday, March 6th. Finally, HSBC reissued a “neutral” rating and issued a $48.00 price objective on shares of Exxon Mobil in a research note on Thursday, March 12th. Six analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $56.65.

Shares of Exxon Mobil stock traded up $0.04 on Monday, hitting $44.60. 15,309,468 shares of the company traded hands, compared to its average volume of 26,257,626. The stock’s 50 day moving average price is $43.01 and its 200-day moving average price is $56.79. The company has a current ratio of 0.78, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17. Exxon Mobil has a 52 week low of $30.11 and a 52 week high of $77.93. The company has a market cap of $188.41 billion, a PE ratio of 16.70 and a beta of 1.34.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 13th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 7.80%. Exxon Mobil’s payout ratio is currently 154.67%.

In other Exxon Mobil news, VP Neil W. Duffin bought 30,000 shares of Exxon Mobil stock in a transaction on Wednesday, March 18th. The shares were bought at an average cost of $36.41 per share, for a total transaction of $1,092,300.00. Following the acquisition, the vice president now directly owns 571,150 shares in the company, valued at $20,795,571.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William C. Weldon bought 4,591 shares of Exxon Mobil stock in a transaction on Monday, March 9th. The shares were acquired at an average price of $43.56 per share, for a total transaction of $199,983.96. Following the completion of the acquisition, the director now owns 30,947 shares in the company, valued at $1,348,051.32. The disclosure for this purchase can be found here. Insiders have purchased a total of 38,771 shares of company stock valued at $1,493,300 in the last ninety days. 0.05% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in XOM. TFO TDC LLC acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $25,000. Gs Investments Inc. raised its holdings in shares of Exxon Mobil by 543.5% in the 4th quarter. Gs Investments Inc. now owns 444 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 375 shares in the last quarter. PrairieView Partners LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at $37,000. Evolution Wealth Advisors LLC raised its holdings in shares of Exxon Mobil by 299.3% in the 4th quarter. Evolution Wealth Advisors LLC now owns 575 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 431 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at $40,000. Institutional investors own 54.84% of the company’s stock.

About Exxon Mobil

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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