Exxon Mobil Co. (XOM) Expected to Announce Quarterly Sales of $69.31 Billion

Wall Street brokerages expect Exxon Mobil Co. (NYSE:XOM) to post sales of $69.31 billion for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Exxon Mobil’s earnings. The lowest sales estimate is $62.88 billion and the highest is $77.34 billion. Exxon Mobil posted sales of $68.21 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 1.6%. The firm is expected to issue its next earnings results on Friday, April 26th.

According to Zacks, analysts expect that Exxon Mobil will report full year sales of $294.36 billion for the current financial year, with estimates ranging from $245.99 billion to $338.05 billion. For the next year, analysts expect that the business will report sales of $276.55 billion, with estimates ranging from $249.12 billion to $303.99 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Exxon Mobil.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 1st. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.43. The firm had revenue of $71.90 billion for the quarter, compared to analysts’ expectations of $78.87 billion. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.84%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS.

A number of analysts recently weighed in on the stock. Wells Fargo & Co set a $76.00 price objective on shares of Exxon Mobil and gave the stock a “hold” rating in a research report on Friday, March 8th. Cowen lowered shares of Exxon Mobil from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $100.00 to $75.00 in a research report on Friday, March 8th. Bank of America set a $105.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Thursday, March 7th. Mizuho set a $84.00 price objective on shares of Exxon Mobil and gave the stock a “hold” rating in a research report on Thursday, March 7th. Finally, Royal Bank of Canada increased their price objective on shares of Exxon Mobil to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and an average price target of $84.52.

Shares of NYSE XOM traded down $0.18 during mid-day trading on Tuesday, hitting $80.90. 848,680 shares of the company’s stock traded hands, compared to its average volume of 12,990,318. The company has a current ratio of 0.84, a quick ratio of 0.51 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $339.63 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 1.41 and a beta of 0.91. Exxon Mobil has a 1 year low of $64.65 and a 1 year high of $87.36.

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 11th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, February 8th. This represents a $3.28 dividend on an annualized basis and a yield of 4.05%. Exxon Mobil’s dividend payout ratio is currently 66.53%.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $72.84, for a total value of $1,092,600.00. Following the transaction, the vice president now directly owns 223,461 shares in the company, valued at approximately $16,276,899.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zevin Asset Management LLC raised its holdings in shares of Exxon Mobil by 1.6% in the fourth quarter. Zevin Asset Management LLC now owns 8,743 shares of the oil and gas company’s stock worth $596,000 after buying an additional 141 shares during the last quarter. Jackson Financial Management raised its holdings in shares of Exxon Mobil by 2.1% in the fourth quarter. Jackson Financial Management now owns 6,776 shares of the oil and gas company’s stock worth $462,000 after buying an additional 142 shares during the last quarter. Kiwi Wealth Investments Limited Partnership raised its holdings in shares of Exxon Mobil by 1.5% in the fourth quarter. Kiwi Wealth Investments Limited Partnership now owns 9,737 shares of the oil and gas company’s stock worth $664,000 after buying an additional 146 shares during the last quarter. Cordasco Financial Network raised its holdings in shares of Exxon Mobil by 4.1% in the fourth quarter. Cordasco Financial Network now owns 3,775 shares of the oil and gas company’s stock worth $257,000 after buying an additional 148 shares during the last quarter. Finally, Sippican Capital Advisors raised its holdings in shares of Exxon Mobil by 1.0% in the fourth quarter. Sippican Capital Advisors now owns 15,310 shares of the oil and gas company’s stock worth $1,044,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 53.50% 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.

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