Brokerages expect Exxon Mobil Corporation (NYSE:XOM) to report $65.71 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Exxon Mobil Corporation’s earnings. The highest sales estimate is $68.02 billion and the lowest is $63.15 billion. Exxon Mobil Corporation posted sales of $57.69 billion in the same quarter last year, which would indicate a positive year over year growth rate of 13.9%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Friday, July 28th.
According to Zacks, analysts expect that Exxon Mobil Corporation will report full-year sales of $65.71 billion for the current year, with estimates ranging from $265.23 billion to $340.80 billion. For the next fiscal year, analysts anticipate that the company will report sales of $307.34 billion per share, with estimates ranging from $268.97 billion to $355.42 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Exxon Mobil Corporation.
Exxon Mobil Corporation (NYSE:XOM) last posted its earnings results on Friday, April 28th. The oil and gas company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.10. Exxon Mobil Corporation had a return on equity of 6.78% and a net margin of 4.17%. The company had revenue of $63.29 billion during the quarter, compared to the consensus estimate of $64.88 billion. During the same quarter last year, the firm earned $0.43 earnings per share. The company’s revenue was up 29.9% on a year-over-year basis.
A number of research analysts have recently commented on XOM shares. Scotiabank set a $90.00 price target on Exxon Mobil Corporation and gave the company a “hold” rating in a research report on Thursday, March 2nd. Credit Suisse Group raised Exxon Mobil Corporation from an “underperform” rating to a “neutral” rating and set a $83.00 price target on the stock in a research report on Thursday, March 2nd. They noted that the move was a valuation call. Jefferies Group LLC reaffirmed a “neutral” rating and set a $92.00 price target on shares of Exxon Mobil Corporation in a research report on Thursday, April 6th. Evercore ISI reaffirmed an “underweight” rating on shares of Exxon Mobil Corporation in a research report on Monday, February 27th. Finally, Vetr cut Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $88.94 price target on the stock. in a research report on Monday, February 27th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil Corporation has a consensus rating of “Hold” and an average price target of $89.36.
Several institutional investors have recently made changes to their positions in XOM. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Exxon Mobil Corporation during the fourth quarter valued at approximately $101,000. Horan Securities Inc. purchased a new position in shares of Exxon Mobil Corporation during the first quarter valued at approximately $102,000. Psagot Investment House Ltd. purchased a new position in shares of Exxon Mobil Corporation during the fourth quarter valued at approximately $119,000. FNY Managed Accounts LLC purchased a new position in shares of Exxon Mobil Corporation during the first quarter valued at approximately $119,000. Finally, Watermark Asset Management Inc. purchased a new position in shares of Exxon Mobil Corporation during the first quarter valued at approximately $136,000. Hedge funds and other institutional investors own 50.95% of the company’s stock.
Shares of Exxon Mobil Corporation (XOM) opened at 81.61 on Friday. The stock’s 50 day moving average price is $81.94 and its 200-day moving average price is $83.79. Exxon Mobil Corporation has a 12-month low of $79.26 and a 12-month high of $95.55. The firm has a market cap of $345.80 billion, a P/E ratio of 34.05 and a beta of 0.86.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 12th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Wednesday, May 10th. This is a positive change from Exxon Mobil Corporation’s previous quarterly dividend of $0.75. This represents a $3.08 annualized dividend and a dividend yield of 3.77%. Exxon Mobil Corporation’s dividend payout ratio is 128.33%.
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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