Wall Street brokerages forecast that Exxon Mobil Co. (NYSE:XOM) will report sales of $74.53 billion for the current quarter, according to Zacks. Four analysts have provided estimates for Exxon Mobil’s earnings, with estimates ranging from $66.15 billion to $86.62 billion. Exxon Mobil reported sales of $63.29 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 17.8%. The firm is expected to report its next quarterly earnings results on Friday, April 27th.
According to Zacks, analysts expect that Exxon Mobil will report full-year sales of $74.53 billion for the current year, with estimates ranging from $275.94 billion to $329.15 billion. For the next financial year, analysts anticipate that the company will post sales of $300.56 billion per share, with estimates ranging from $289.25 billion to $311.32 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Exxon Mobil.
Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.18). Exxon Mobil had a return on equity of 8.00% and a net margin of 7.61%. The business had revenue of $66.52 billion for the quarter, compared to analysts’ expectations of $74.41 billion. During the same period in the previous year, the company earned $0.41 earnings per share. Exxon Mobil’s quarterly revenue was up 9.0% on a year-over-year basis.
Shares of Exxon Mobil (XOM) opened at $75.24 on Tuesday. Exxon Mobil has a 52 week low of $73.56 and a 52 week high of $89.30. The firm has a market cap of $318,830.00, a P/E ratio of 23.29, a P/E/G ratio of 1.02 and a beta of 0.91. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 12th were paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Friday, February 9th. Exxon Mobil’s dividend payout ratio is currently 95.36%.
In related news, VP Neil A. Chapman sold 12,000 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $83.05, for a total transaction of $996,600.00. Following the completion of the sale, the vice president now owns 291,385 shares in the company, valued at approximately $24,199,524.25. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.08% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of XOM. Vanguard Group Inc. raised its position in Exxon Mobil by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after buying an additional 10,366,636 shares during the last quarter. First Eagle Investment Management LLC raised its position in Exxon Mobil by 136,463.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after buying an additional 7,134,305 shares during the last quarter. Renaissance Technologies LLC raised its position in Exxon Mobil by 172.4% during the 4th quarter. Renaissance Technologies LLC now owns 9,948,354 shares of the oil and gas company’s stock worth $832,080,000 after buying an additional 6,295,900 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Exxon Mobil by 37,429.2% in the 3rd quarter. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company’s stock valued at $309,285,000 after purchasing an additional 3,764,256 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its holdings in shares of Exxon Mobil by 133.5% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 6,476,312 shares of the oil and gas company’s stock valued at $541,677,000 after purchasing an additional 3,702,790 shares in the last quarter. Hedge funds and other institutional investors own 53.18% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This news story was originally published by Week Herald and is owned by of Week Herald. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://weekherald.com/2018/03/13/74-53-billion-in-sales-expected-for-exxon-mobil-co-xom-this-quarter.html.
About Exxon Mobil
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.