Exxon Mobil (XOM) to Release Earnings on Friday

Exxon Mobil (NYSE:XOM) is scheduled to be releasing its earnings data before the market opens on Friday, April 26th. Analysts expect Exxon Mobil to post earnings of $2.12 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. During the same period in the previous year, the company posted $3.40 earnings per share. Exxon Mobil’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, analysts expect Exxon Mobil to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Exxon Mobil Trading Down 0.1 %

Shares of NYSE:XOM opened at $118.46 on Friday. The company has a market capitalization of $468.90 billion, a PE ratio of 13.33, a PEG ratio of 4.08 and a beta of 0.96. Exxon Mobil has a 12-month low of $95.77 and a 12-month high of $123.75. The business has a 50 day moving average of $111.18 and a two-hundred day moving average of $106.30. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Analyst Ratings Changes

A number of analysts have recently commented on XOM shares. Wells Fargo & Company boosted their price objective on Exxon Mobil from $126.00 to $138.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. UBS Group boosted their price objective on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Truist Financial boosted their price objective on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Barclays started coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target for the company. Finally, Scotiabank boosted their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.06% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. KB Financial Partners LLC purchased a new position in shares of Exxon Mobil in the 1st quarter valued at about $27,000. Clarity Asset Management Inc. purchased a new position in shares of Exxon Mobil in the 4th quarter valued at about $34,000. IMA Wealth Inc. grew its stake in Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after buying an additional 324 shares during the last quarter. FWL Investment Management LLC purchased a new position in Exxon Mobil during the 4th quarter worth approximately $43,000. Finally, Studio Investment Management LLC purchased a new position in Exxon Mobil during the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.