Zacks: Brokerages Anticipate Exxon Mobil Co. (XOM) Will Announce Quarterly Sales of $79.33 Billion

Analysts forecast that Exxon Mobil Co. (NYSE:XOM) will announce sales of $79.33 billion for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Exxon Mobil’s earnings, with the highest sales estimate coming in at $82.53 billion and the lowest estimate coming in at $77.70 billion. Exxon Mobil posted sales of $66.52 billion during the same quarter last year, which would indicate a positive year over year growth rate of 19.3%. The business is expected to announce its next quarterly earnings results on Friday, February 1st.

On average, analysts expect that Exxon Mobil will report full-year sales of $295.64 billion for the current financial year, with estimates ranging from $290.00 billion to $300.85 billion. For the next year, analysts anticipate that the firm will report sales of $324.98 billion, with estimates ranging from $315.63 billion to $338.05 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Exxon Mobil.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.53% and a net margin of 8.15%. The firm had revenue of $76.61 billion for the quarter, compared to analysts’ expectations of $72.91 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year.

A number of brokerages recently weighed in on XOM. Societe Generale set a $92.00 target price on Exxon Mobil and gave the company a “buy” rating in a report on Tuesday. BNP Paribas set a $80.00 target price on Exxon Mobil and gave the company a “sell” rating in a report on Tuesday. Raymond James cut Exxon Mobil from a “market perform” rating to an “underperform” rating in a report on Tuesday. Macquarie reiterated a “sell” rating and issued a $70.00 target price on shares of Exxon Mobil in a report on Monday. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $81.00 target price on shares of Exxon Mobil in a report on Monday. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $87.00.

Exxon Mobil stock traded up $0.59 during midday trading on Friday, reaching $77.56. The stock had a trading volume of 9,685,316 shares, compared to its average volume of 15,165,685. Exxon Mobil has a twelve month low of $72.15 and a twelve month high of $89.30. The stock has a market capitalization of $326.16 billion, a P/E ratio of 21.60, a PEG ratio of 2.19 and a beta of 0.86. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Friday, November 9th. Exxon Mobil’s dividend payout ratio is presently 91.36%.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the transaction, the vice president now owns 214,774 shares in the company, valued at $18,045,311.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.08% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. HC Financial Advisors Inc. acquired a new position in shares of Exxon Mobil in the fourth quarter worth about $1,137,000. Focused Wealth Management Inc increased its holdings in Exxon Mobil by 3.8% in the first quarter. Focused Wealth Management Inc now owns 26,179 shares of the oil and gas company’s stock valued at $1,953,000 after buying an additional 954 shares during the last quarter. Hyman Charles D increased its holdings in Exxon Mobil by 0.7% in the first quarter. Hyman Charles D now owns 162,143 shares of the oil and gas company’s stock valued at $12,097,000 after buying an additional 1,079 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC increased its holdings in Exxon Mobil by 3.7% in the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 105,832 shares of the oil and gas company’s stock valued at $7,896,000 after buying an additional 3,768 shares during the last quarter. Finally, Strategic Wealth Advisors Group LLC increased its holdings in Exxon Mobil by 96.9% in the first quarter. Strategic Wealth Advisors Group LLC now owns 363,350 shares of the oil and gas company’s stock valued at $27,109,000 after buying an additional 178,826 shares during the last quarter. Institutional investors own 52.39% of the company’s stock.

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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

Recommended Story: Compound Interest and Why It Matters When Investing

Get a free copy of the Zacks research report on Exxon Mobil (XOM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Exxon Mobil (NYSE:XOM)

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.

Leave a Reply