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