Exxon Mobil Co. (XOM) Expected to Post Earnings of $0.92 Per Share
Wall Street brokerages expect Exxon Mobil Co. (NYSE:XOM) to announce $0.92 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Exxon Mobil’s earnings. The lowest EPS estimate is $0.75 and the highest is $1.10. Exxon Mobil posted earnings of $0.43 per share during the same quarter last year, which indicates a positive year over year growth rate of 114%. The business is scheduled to announce its next quarterly earnings results before the market opens on Friday, April 28th.
On average, analysts expect that Exxon Mobil will report full-year earnings of $4.08 per share for the current fiscal year, with EPS estimates ranging from $3.28 to $5.69. For the next year, analysts anticipate that the firm will post earnings of $4.72 per share, with EPS estimates ranging from $3.41 to $5.81. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Exxon Mobil.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.29. The company earned $61.02 billion during the quarter, compared to analysts’ expectations of $62.28 billion. Exxon Mobil had a return on equity of 5.56% and a net margin of 3.47%. Exxon Mobil’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 EPS.
A number of analysts have weighed in on the company. Goldman Sachs Group Inc set a $96.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, December 26th. JPMorgan Chase & Co. set a $94.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research note on Monday, January 9th. Vetr upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Monday, January 9th. Jefferies Group LLC set a $92.00 target price on Exxon Mobil and gave the stock a “neutral” rating in a research note on Tuesday, January 17th. Finally, Wells Fargo & Co lowered Exxon Mobil from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 11th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $89.96.
A number of large investors have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at $3,306,084,000. State Street Corp increased its stake in shares of Exxon Mobil by 4.3% in the fourth quarter. State Street Corp now owns 200,026,488 shares of the oil and gas company’s stock valued at $18,054,385,000 after buying an additional 8,303,490 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Exxon Mobil by 824.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 7,221,961 shares of the oil and gas company’s stock valued at $651,912,000 after buying an additional 6,440,709 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at $380,254,000. Finally, Fayez Sarofim & Co. increased its stake in shares of Exxon Mobil by 35.3% in the third quarter. Fayez Sarofim & Co. now owns 12,318,584 shares of the oil and gas company’s stock valued at $1,075,029,000 after buying an additional 3,211,005 shares in the last quarter. 51.09% of the stock is owned by institutional investors and hedge funds.
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Exxon Mobil (NYSE:XOM) traded down 0.65% during trading on Thursday, hitting $81.05. The stock had a trading volume of 8,821,414 shares. The stock’s 50-day moving average is $82.11 and its 200-day moving average is $85.23. The stock has a market capitalization of $336.07 billion, a PE ratio of 43.18 and a beta of 0.91. Exxon Mobil has a 52-week low of $80.31 and a 52-week high of $95.55.
About Exxon Mobil
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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