$31.68 Billion in Sales Expected for Exxon Mobil Co. (NYSE:XOM) This Quarter

Wall Street brokerages expect that Exxon Mobil Co. (NYSE:XOM) will post $31.68 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Exxon Mobil’s earnings. The highest sales estimate is $35.20 billion and the lowest is $28.15 billion. Exxon Mobil posted sales of $69.09 billion during the same quarter last year, which would suggest a negative year over year growth rate of 54.1%. The firm is expected to issue its next earnings results on Friday, August 7th.

According to Zacks, analysts expect that Exxon Mobil will report full year sales of $185.39 billion for the current year, with estimates ranging from $154.46 billion to $218.28 billion. For the next fiscal year, analysts forecast that the business will post sales of $202.87 billion, with estimates ranging from $178.99 billion to $224.74 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Exxon Mobil.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results 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. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The firm had revenue of $56.16 billion during the quarter, compared to analyst estimates of $58.25 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue was down 11.7% compared to the same quarter last year.

Several equities research analysts have issued reports on XOM shares. Morgan Stanley dropped their price target on Exxon Mobil from $73.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday, March 16th. Cowen lowered their target price on 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. Citigroup lowered their target price on Exxon Mobil from $68.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, March 6th. DZ Bank lowered Exxon Mobil from a “hold” rating to a “sell” rating and set a $56.00 target price for the company. in a research note on Tuesday, February 4th. Finally, CSFB reissued a “neutral” rating and issued a $48.00 target price on shares of Exxon Mobil in a research note on Thursday, March 12th. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $56.65.

XOM stock traded up $0.04 during mid-day trading on Wednesday, hitting $44.60. 15,309,468 shares of the stock were exchanged, compared to its average volume of 26,257,626. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52. The business has a fifty day moving average price of $43.01 and a 200 day moving average price of $56.79. Exxon Mobil has a 12 month low of $30.11 and a 12 month high of $77.93. The stock has a market capitalization of $188.41 billion, a price-to-earnings ratio of 16.70 and a beta of 1.34.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 13th will be issued 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 dividend payout ratio (DPR) is 154.67%.

In other news, VP Neil W. Duffin bought 30,000 shares of Exxon Mobil stock in a transaction on Wednesday, March 18th. The shares were purchased at an average price of $36.41 per share, for a total transaction of $1,092,300.00. Following the acquisition, the vice president now owns 571,150 shares of the company’s stock, valued at $20,795,571.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William C. Weldon bought 4,180 shares of Exxon Mobil stock in a transaction on Friday, March 6th. The shares were purchased at an average price of $48.09 per share, for a total transaction of $201,016.20. Following the acquisition, the director now directly owns 30,947 shares in the company, valued at approximately $1,488,241.23. The disclosure for this purchase can be found here. Insiders have acquired a total of 38,771 shares of company stock worth $1,493,300 in the last quarter. Company insiders own 0.05% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Cordasco Financial Network grew its stake in shares of Exxon Mobil by 4.2% in the 4th quarter. Cordasco Financial Network now owns 3,778 shares of the oil and gas company’s stock worth $264,000 after buying an additional 151 shares during the last quarter. Garrett Wealth Advisory Group LLC grew its stake in shares of Exxon Mobil by 3.5% in the 4th quarter. Garrett Wealth Advisory Group LLC now owns 4,704 shares of the oil and gas company’s stock worth $327,000 after buying an additional 159 shares during the last quarter. Westhampton Capital LLC grew its stake in shares of Exxon Mobil by 0.4% in the 4th quarter. Westhampton Capital LLC now owns 38,733 shares of the oil and gas company’s stock worth $2,703,000 after buying an additional 161 shares during the last quarter. Lenox Wealth Management Inc. grew its stake in shares of Exxon Mobil by 11.8% in the 4th quarter. Lenox Wealth Management Inc. now owns 1,538 shares of the oil and gas company’s stock worth $107,000 after buying an additional 162 shares during the last quarter. Finally, Doheny Asset Management CA grew its stake in shares of Exxon Mobil by 1.6% in the 4th quarter. Doheny Asset Management CA now owns 10,988 shares of the oil and gas company’s stock worth $767,000 after buying an additional 170 shares during the last quarter. Institutional investors own 54.84% of the company’s stock.

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.

Featured Story: Cost of Capital

Get a free copy of the Zacks research report on Exxon Mobil (XOM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.