Equities analysts expect Exxon Mobil Co. (NYSE:XOM) to post ($0.62) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Exxon Mobil’s earnings, with estimates ranging from ($1.03) to ($0.31). Exxon Mobil posted earnings per share of $0.73 during the same quarter last year, which suggests a negative year-over-year growth rate of 184.9%. The company is expected to announce its next quarterly earnings report on Friday, August 7th.
On average, analysts expect that Exxon Mobil will report full year earnings of ($0.90) per share for the current financial year, with EPS estimates ranging from ($1.68) to $0.47. For the next year, analysts forecast that the company will report earnings of $0.31 per share, with EPS estimates ranging from ($1.11) to $1.99. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Exxon Mobil.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 1st. The oil and gas company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.04 by $0.49. The firm had revenue of $56.16 billion during the quarter, compared to analysts’ expectations of $58.25 billion. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. Exxon Mobil’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period last year, the business earned $0.55 earnings per share.
XOM stock traded up $0.04 during midday trading on Monday, hitting $44.60. The stock had a trading volume of 15,309,468 shares, compared to its average volume of 26,257,626. The firm has a market capitalization of $188.41 billion, a price-to-earnings ratio of 16.70 and a beta of 1.34. Exxon Mobil has a 52 week low of $30.11 and a 52 week high of $77.93. The stock has a 50-day simple moving average of $43.01 and a 200 day simple moving average of $56.79. The company has a current ratio of 0.78, a quick ratio of 0.52 and a debt-to-equity ratio of 0.17.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 13th will be given a $0.87 dividend. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $3.48 dividend on an annualized basis and a yield of 7.80%. Exxon Mobil’s payout ratio is 154.67%.
In other Exxon Mobil news, VP Neil W. Duffin acquired 30,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average price of $36.41 per share, for a total transaction of $1,092,300.00. Following the acquisition, the vice president now directly owns 571,150 shares of the company’s stock, valued at approximately $20,795,571.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William C. Weldon acquired 4,180 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $48.09 per share, for a total transaction of $201,016.20. Following the acquisition, the director now directly owns 30,947 shares in the company, valued at $1,488,241.23. The disclosure for this purchase can be found here. Insiders have bought a total of 38,771 shares of company stock valued at $1,493,300 over the last 90 days. Corporate insiders own 0.05% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Equitable Trust Co. lifted its holdings in shares of Exxon Mobil by 3.7% during the 1st quarter. Equitable Trust Co. now owns 104,442 shares of the oil and gas company’s stock valued at $3,966,000 after purchasing an additional 3,759 shares in the last quarter. HighTower Advisors LLC lifted its stake in Exxon Mobil by 2.6% in the 1st quarter. HighTower Advisors LLC now owns 5,706,451 shares of the oil and gas company’s stock valued at $216,691,000 after acquiring an additional 143,275 shares in the last quarter. Peninsula Asset Management Inc. lifted its stake in Exxon Mobil by 12.9% in the 1st quarter. Peninsula Asset Management Inc. now owns 29,460 shares of the oil and gas company’s stock valued at $1,118,000 after acquiring an additional 3,356 shares in the last quarter. Bay Harbor Wealth Management LLC lifted its stake in Exxon Mobil by 9.8% in the 1st quarter. Bay Harbor Wealth Management LLC now owns 7,762 shares of the oil and gas company’s stock valued at $295,000 after acquiring an additional 691 shares in the last quarter. Finally, Signet Financial Management LLC lifted its stake in Exxon Mobil by 4.9% in the 1st quarter. Signet Financial Management LLC now owns 17,140 shares of the oil and gas company’s stock valued at $756,000 after acquiring an additional 808 shares in the last quarter. Institutional investors and hedge funds own 54.84% 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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