Wall Street analysts expect Exxon Mobil Co. (NYSE:XOM) to post $31.68 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Exxon Mobil’s earnings. The highest sales estimate is $35.20 billion and the lowest is $28.15 billion. Exxon Mobil reported sales of $69.09 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 54.1%. The company is expected to issue its next quarterly earnings results on Friday, August 7th.
According to Zacks, analysts expect that Exxon Mobil will report full year sales of $185.39 billion for the current financial year, with estimates ranging from $154.46 billion to $218.28 billion. For the next financial year, analysts anticipate that the firm will post sales of $202.87 billion, with estimates ranging from $178.99 billion to $224.74 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Exxon Mobil.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, May 1st. The oil and gas company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.49. The firm had revenue of $56.16 billion during the quarter, compared to the consensus estimate of $58.25 billion. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The company’s revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 EPS.
In related news, VP Neil W. Duffin purchased 30,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was bought at an average price of $36.41 per share, with a total value of $1,092,300.00. Following the completion of the purchase, the vice president now owns 571,150 shares in the company, valued at approximately $20,795,571.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William C. Weldon purchased 4,180 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was bought at an average cost of $48.09 per share, with a total value of $201,016.20. Following the purchase, the director now owns 30,947 shares of the company’s stock, valued at approximately $1,488,241.23. The disclosure for this purchase can be found here. In the last three months, insiders bought 38,771 shares of company stock valued at $1,493,300. Insiders own 0.05% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XOM. TFO TDC LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $25,000. Gs Investments Inc. grew its stake in Exxon Mobil by 543.5% during the fourth quarter. Gs Investments Inc. now owns 444 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 375 shares during the period. PrairieView Partners LLC acquired a new stake in Exxon Mobil during the first quarter worth approximately $37,000. Evolution Wealth Advisors LLC grew its stake in Exxon Mobil by 299.3% during the fourth quarter. Evolution Wealth Advisors LLC now owns 575 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 431 shares during the period. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $40,000. 54.84% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:XOM traded up $0.04 during trading on Wednesday, reaching $44.60. 15,309,468 shares of the company traded hands, compared to its average volume of 26,257,626. The company’s 50 day moving average is $43.01 and its two-hundred day moving average is $56.79. The firm has a market capitalization of $188.41 billion, a PE ratio of 16.70 and a beta of 1.34. The company has a quick ratio of 0.52, a current ratio of 0.78 and a debt-to-equity ratio of 0.17. Exxon Mobil has a 52 week low of $30.11 and a 52 week high of $77.93.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 13th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $3.48 annualized dividend and a dividend yield of 7.80%. Exxon Mobil’s payout ratio is 154.67%.
About Exxon Mobil
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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