Exxon Mobil Co. (NYSE:XOM) Expected to Announce Earnings of $0.70 Per Share

Equities analysts expect that Exxon Mobil Co. (NYSE:XOM) will post earnings per share of $0.70 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Exxon Mobil’s earnings. The highest EPS estimate is $0.98 and the lowest is $0.57. Exxon Mobil reported earnings of $1.46 per share in the same quarter last year, which would indicate a negative year over year growth rate of 52.1%. The firm is scheduled to report its next earnings results before the market opens on Friday, November 1st.

According to Zacks, analysts expect that Exxon Mobil will report full year earnings of $2.66 per share for the current year, with EPS estimates ranging from $2.31 to $3.20. For the next year, analysts anticipate that the company will post earnings of $3.51 per share, with EPS estimates ranging from $2.62 to $4.52. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Exxon Mobil.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 EPS.

Several equities analysts have recently commented on XOM shares. Barclays started coverage on Exxon Mobil in a research report on Monday, August 19th. They set an “equal weight” rating and a $73.00 price objective on the stock. Morgan Stanley reduced their price target on Exxon Mobil from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Friday, October 4th. DZ Bank upgraded Exxon Mobil from a “sell” rating to a “hold” rating and reduced their price target for the stock from $72.00 to $70.00 in a research report on Tuesday, August 6th. UBS Group reduced their price target on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, August 23rd. Finally, Jefferies Financial Group restated a “neutral” rating and set a $76.00 price target on shares of Exxon Mobil in a research report on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $80.04.

In other news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the transaction, the vice president now owns 189,800 shares in the company, valued at $13,445,432. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Segantii Capital Management Ltd bought a new stake in shares of Exxon Mobil in the third quarter worth $7,414,000. Hollencrest Capital Management grew its holdings in shares of Exxon Mobil by 12.8% in the third quarter. Hollencrest Capital Management now owns 30,783 shares of the oil and gas company’s stock worth $2,174,000 after acquiring an additional 3,496 shares during the period. Baldrige Asset Management LLC bought a new stake in shares of Exxon Mobil in the third quarter worth $91,000. Hoover Financial Advisors Inc. grew its holdings in shares of Exxon Mobil by 10.7% in the third quarter. Hoover Financial Advisors Inc. now owns 22,099 shares of the oil and gas company’s stock worth $1,560,000 after acquiring an additional 2,144 shares during the period. Finally, Wealth Architects LLC grew its holdings in Exxon Mobil by 1.2% during the third quarter. Wealth Architects LLC now owns 14,434 shares of the oil and gas company’s stock valued at $1,019,000 after purchasing an additional 173 shares during the period. 54.41% of the stock is owned by institutional investors.

Shares of Exxon Mobil stock traded down $0.41 during trading on Thursday, hitting $69.34. 611,794 shares of the stock traded hands, compared to its average volume of 10,010,373. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. The stock has a market cap of $292.33 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 2.32 and a beta of 0.99. The firm’s fifty day moving average is $70.17 and its 200-day moving average is $73.92. Exxon Mobil has a 52 week low of $64.65 and a 52 week high of $83.75.

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

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