Wall Street analysts expect Exxon Mobil Co. (NYSE:XOM) to report sales of $71.39 billion for the current quarter, Zacks reports. Two analysts have made estimates for Exxon Mobil’s earnings. The lowest sales estimate is $64.53 billion and the highest is $78.25 billion. Exxon Mobil posted sales of $76.61 billion in the same quarter last year, which would indicate a negative year over year growth rate of 6.8%. The firm is expected to issue its next quarterly earnings results before the market opens on Friday, November 1st.
According to Zacks, analysts expect that Exxon Mobil will report full-year sales of $277.65 billion for the current fiscal year, with estimates ranging from $264.33 billion to $293.85 billion. For the next year, analysts expect that the business will report sales of $313.80 billion, with estimates ranging from $255.28 billion to $404.43 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Exxon Mobil.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. The company had revenue of $69.09 billion for the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share.
NYSE XOM traded up $0.99 on Thursday, reaching $68.97. 10,265,716 shares of the company were exchanged, compared to its average volume of 11,495,629. The business’s fifty day moving average price is $70.06 and its 200 day moving average price is $75.09. The stock has a market capitalization of $287.63 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. Exxon Mobil has a fifty-two week low of $64.65 and a fifty-two week high of $86.88.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend was Monday, August 12th. Exxon Mobil’s payout ratio is 70.59%.
In related news, VP Robert N. Schleckser sold 9,345 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now owns 189,800 shares of the company’s stock, valued at approximately $13,445,432. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of XOM. First Financial Bank Trust Division increased its holdings in shares of Exxon Mobil by 2.4% in the 3rd quarter. First Financial Bank Trust Division now owns 90,989 shares of the oil and gas company’s stock valued at $6,425,000 after acquiring an additional 2,101 shares during the last quarter. LVM Capital Management Ltd. MI grew its stake in Exxon Mobil by 7.5% during the 3rd quarter. LVM Capital Management Ltd. MI now owns 151,651 shares of the oil and gas company’s stock worth $10,708,000 after buying an additional 10,547 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its stake in Exxon Mobil by 46.0% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 6,930 shares of the oil and gas company’s stock worth $489,000 after buying an additional 2,182 shares during the last quarter. Bath Savings Trust Co grew its stake in Exxon Mobil by 6.1% during the 3rd quarter. Bath Savings Trust Co now owns 206,301 shares of the oil and gas company’s stock worth $14,567,000 after buying an additional 11,802 shares during the last quarter. Finally, Centric Wealth Management grew its stake in Exxon Mobil by 3.9% during the 3rd quarter. Centric Wealth Management now owns 9,311 shares of the oil and gas company’s stock worth $625,000 after buying an additional 346 shares during the last quarter. 54.42% of the stock is currently owned by hedge funds and other institutional investors.
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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