Equities research analysts expect Exxon Mobil Co. (NYSE:XOM) to announce $57.39 billion in sales for the current quarter, according to Zacks. Three analysts have made estimates for Exxon Mobil’s earnings. The lowest sales estimate is $53.83 billion and the highest is $63.68 billion. Exxon Mobil posted sales of $32.61 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 76%. The firm is scheduled to announce its next quarterly earnings results on Friday, July 30th.
On average, analysts expect that Exxon Mobil will report full year sales of $228.53 billion for the current fiscal year, with estimates ranging from $216.98 billion to $256.58 billion. For the next financial year, analysts forecast that the business will post sales of $243.05 billion, with estimates ranging from $217.27 billion to $266.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Exxon Mobil.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Thursday, April 29th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $59.15 billion during the quarter, compared to the consensus estimate of $55.36 billion. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.14) EPS.
In other news, Director Michael J. Angelakis acquired 25,000 shares of Exxon Mobil stock in a transaction that occurred on Monday, March 1st. The shares were acquired at an average price of $57.16 per share, for a total transaction of $1,429,000.00. Following the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $457,280. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Horan Securities Inc. increased its holdings in Exxon Mobil by 110.6% in the fourth quarter. Horan Securities Inc. now owns 596 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 313 shares in the last quarter. Clark Financial Advisors acquired a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $28,000. Mach 1 Financial Group Inc. bought a new stake in shares of Exxon Mobil in the fourth quarter worth $29,000. Bellwether Advisors LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at $32,000. Finally, Canton Hathaway LLC raised its position in Exxon Mobil by 500.0% in the first quarter. Canton Hathaway LLC now owns 720 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 600 shares in the last quarter. 50.90% of the stock is currently owned by institutional investors.
XOM traded up $0.37 on Thursday, reaching $59.19. 23,458,438 shares of the company traded hands, compared to its average volume of 28,946,604. The company has a market cap of $250.58 billion, a P/E ratio of 35.23 and a beta of 1.31. Exxon Mobil has a one year low of $31.11 and a one year high of $62.55. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $56.79 and a two-hundred day simple moving average of $47.51.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 10th. Investors of record on Thursday, May 13th will be paid a $0.87 dividend. The ex-dividend date is Wednesday, May 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.88%. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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