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.
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.
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