Equities analysts predict that Exxon Mobil Corporation (NYSE:XOM) will announce sales of $63.59 billion for the current quarter, Zacks reports. Four analysts have issued estimates for Exxon Mobil Corporation’s earnings, with estimates ranging from $59.86 billion to $65.67 billion. Exxon Mobil Corporation reported sales of $58.68 billion during the same quarter last year, which indicates a positive year over year growth rate of 8.4%. The company is scheduled to report its next earnings results on Friday, October 27th.

On average, analysts expect that Exxon Mobil Corporation will report full year sales of $63.59 billion for the current financial year, with estimates ranging from $251.22 billion to $285.81 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $272.39 billion per share, with estimates ranging from $250.86 billion to $309.95 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Exxon Mobil Corporation.

Exxon Mobil Corporation (NYSE:XOM) last posted its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. During the same quarter last year, the business posted $0.41 EPS. Exxon Mobil Corporation’s quarterly revenue was up 9.0% compared to the same quarter last year.

A number of equities analysts have recently commented on the company. UBS AG set a $77.00 price objective on Exxon Mobil Corporation and gave the stock a “sell” rating in a research note on Tuesday, April 25th. Scotiabank set a $86.00 price objective on Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Saturday, June 17th. Royal Bank Of Canada set a $90.00 price objective on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. Vetr lowered Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $79.60 price objective on the stock. in a research note on Wednesday. Finally, HSBC Holdings plc set a $81.50 price objective on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Exxon Mobil Corporation presently has an average rating of “Hold” and an average target price of $84.98.

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In other news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the transaction, the director now directly owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Azimuth Capital Management LLC increased its position in shares of Exxon Mobil Corporation by 3.0% in the fourth quarter. Azimuth Capital Management LLC now owns 235,822 shares of the oil and gas company’s stock valued at $21,285,000 after buying an additional 6,761 shares during the last quarter. Greenwood Capital Associates LLC acquired a new position in shares of Exxon Mobil Corporation during the fourth quarter valued at approximately $271,000. MML Investors Services LLC acquired a new position in shares of Exxon Mobil Corporation during the fourth quarter valued at approximately $322,000. Marietta Wealth Management LLC acquired a new position in shares of Exxon Mobil Corporation during the fourth quarter valued at approximately $1,710,000. Finally, Cpcm LLC acquired a new position in shares of Exxon Mobil Corporation during the fourth quarter valued at approximately $1,553,000. 50.59% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Corporation (NYSE:XOM) traded down 0.2894% during midday trading on Thursday, hitting $79.2101. The stock had a trading volume of 6,203,501 shares. The company’s 50-day moving average price is $80.65 and its 200 day moving average price is $81.82. The stock has a market cap of $335.62 billion, a P/E ratio of 28.5545 and a beta of 0.81. Exxon Mobil Corporation has a 12-month low of $78.27 and a 12-month high of $93.22.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is currently 111.19%.

About Exxon Mobil Corporation

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

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