Analysts expect ExxonMobil (NYSE:XOM) to announce $69.04 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for ExxonMobil’s earnings, with estimates ranging from $65.70 billion to $73.54 billion. ExxonMobil reported sales of $62.88 billion during the same quarter last year, which indicates a positive year over year growth rate of 9.8%. The firm is scheduled to issue its next quarterly earnings results on Friday, July 27th.
According to Zacks, analysts expect that ExxonMobil will report full-year sales of $280.20 billion for the current financial year, with estimates ranging from $266.75 billion to $290.08 billion. For the next fiscal year, analysts forecast that the business will report sales of $284.20 billion per share, with estimates ranging from $252.71 billion to $305.09 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow ExxonMobil.
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ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 27th. The oil and gas company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.05). The firm had revenue of $68.21 billion for the quarter, compared to analysts’ expectations of $61.49 billion. ExxonMobil had a net margin of 7.72% and a return on equity of 8.22%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 earnings per share.
Several research analysts recently issued reports on XOM shares. Wells Fargo set a $88.00 target price on shares of ExxonMobil and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded shares of ExxonMobil from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research report on Saturday, January 13th. Bank of America set a $100.00 target price on shares of ExxonMobil and gave the stock a “buy” rating in a research report on Wednesday, March 7th. UBS reiterated a “neutral” rating and issued a $83.00 target price on shares of ExxonMobil in a research report on Monday, April 23rd. Finally, BMO Capital Markets upped their target price on shares of ExxonMobil to $85.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 10th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. ExxonMobil has an average rating of “Hold” and a consensus target price of $86.44.
Several large investors have recently modified their holdings of XOM. First Eagle Investment Management LLC raised its stake in ExxonMobil by 43.0% in the first quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock worth $1,349,366,000 after buying an additional 5,440,412 shares in the last quarter. Stifel Financial Corp raised its stake in ExxonMobil by 37,429.2% in the third quarter. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company’s stock worth $309,285,000 after buying an additional 3,764,256 shares in the last quarter. Eaton Vance Management raised its stake in ExxonMobil by 53.6% in the first quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock worth $670,382,000 after buying an additional 3,136,452 shares in the last quarter. APG Asset Management N.V. raised its stake in ExxonMobil by 22.2% in the fourth quarter. APG Asset Management N.V. now owns 16,887,241 shares of the oil and gas company’s stock worth $1,176,257,000 after buying an additional 3,068,500 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in ExxonMobil by 34.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,841,645 shares of the oil and gas company’s stock worth $810,213,000 after buying an additional 2,539,700 shares in the last quarter. 53.16% of the stock is owned by hedge funds and other institutional investors.
Shares of XOM traded up $0.35 during mid-day trading on Thursday, reaching $78.09. 17,428,293 shares of the stock traded hands, compared to its average volume of 15,124,465. ExxonMobil has a 1 year low of $72.15 and a 1 year high of $89.30. The firm has a market capitalization of $325.86 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.80 and a quick ratio of 0.50.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Stockholders of record on Monday, May 14th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 4.20%. This is an increase from ExxonMobil’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Friday, May 11th. ExxonMobil’s dividend payout ratio is 85.79%.
ExxonMobil 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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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