Zacks: Brokerages Anticipate Exxon Mobil Co. (XOM) Will Post Quarterly Sales of $72.45 Billion

Analysts expect Exxon Mobil Co. (NYSE:XOM) to report $72.45 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Exxon Mobil’s earnings, with the lowest sales estimate coming in at $70.03 billion and the highest estimate coming in at $76.73 billion. Exxon Mobil reported sales of $66.17 billion during the same quarter last year, which indicates a positive year over year growth rate of 9.5%. The firm is expected to issue its next earnings results before the market opens on Friday, November 2nd.

According to Zacks, analysts expect that Exxon Mobil will report full year sales of $293.90 billion for the current fiscal year, with estimates ranging from $286.38 billion to $305.32 billion. For the next fiscal year, analysts forecast that the company will post sales of $322.62 billion, with estimates ranging from $314.82 billion to $328.17 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Exxon Mobil.

Several equities analysts have recently commented on XOM shares. Societe Generale set a $92.00 target price on Exxon Mobil and gave the company a “buy” rating in a report on Wednesday, August 22nd. HSBC restated a “buy” rating and issued a $96.00 target price on shares of Exxon Mobil in a research report on Wednesday, September 12th. Credit Suisse Group set a $80.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research report on Thursday, September 6th. Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research report on Monday, October 1st. Finally, Piper Jaffray Companies reissued a “neutral” rating on shares of Exxon Mobil in a research note on Tuesday, October 23rd. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $86.69.



Exxon Mobil stock traded up $1.02 during midday trading on Tuesday, hitting $78.07. The stock had a trading volume of 9,866,889 shares, compared to its average volume of 12,790,829. The firm has a market cap of $328.53 billion, a P/E ratio of 21.75, a P/E/G ratio of 1.26 and a beta of 0.86. Exxon Mobil has a 12 month low of $72.15 and a 12 month high of $89.30. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the transaction, the vice president now directly owns 214,774 shares in the company, valued at approximately $18,045,311.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.08% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Koch Industries Inc. raised its holdings in shares of Exxon Mobil by 343.1% in the first quarter. Koch Industries Inc. now owns 12,496 shares of the oil and gas company’s stock valued at $932,000 after purchasing an additional 9,676 shares during the last quarter. First Command Bank boosted its position in shares of Exxon Mobil by 96.0% in the second quarter. First Command Bank now owns 187,962 shares of the oil and gas company’s stock valued at $15,550,000 after acquiring an additional 92,058 shares during the period. Eaton Vance Management lifted its position in Exxon Mobil by 53.6% during the first quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock valued at $670,382,000 after purchasing an additional 3,136,452 shares during the last quarter. First Financial Bank Trust Division lifted its position in Exxon Mobil by 3.5% during the second quarter. First Financial Bank Trust Division now owns 85,564 shares of the oil and gas company’s stock valued at $7,078,000 after purchasing an additional 2,883 shares during the last quarter. Finally, TLP Group LLC lifted its position in Exxon Mobil by 2,160.1% during the first quarter. TLP Group LLC now owns 4,249 shares of the oil and gas company’s stock valued at $317,000 after purchasing an additional 4,061 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

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 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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