Exxon Mobil Co. (XOM) Expected to Announce Quarterly Sales of $73.61 Billion
Analysts expect Exxon Mobil Co. (NYSE:XOM) to post $73.61 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Exxon Mobil’s earnings. The highest sales estimate is $79.08 billion and the lowest is $66.84 billion. Exxon Mobil posted sales of $73.50 billion during the same quarter last year, which suggests a positive year over year growth rate of 0.1%. The company is expected to issue its next quarterly earnings results on Friday, April 26th.
According to Zacks, analysts expect that Exxon Mobil will report full-year sales of $289.25 billion for the current year, with estimates ranging from $266.68 billion to $318.68 billion. For the next fiscal year, analysts expect that the firm will report sales of $314.89 billion, with estimates ranging from $269.10 billion to $408.70 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Exxon Mobil.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.20). Exxon Mobil had a return on equity of 10.84% and a net margin of 7.18%. The firm had revenue of $63.63 billion for the quarter, compared to the consensus estimate of $67.35 billion. During the same period last year, the company posted $1.09 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year.
NYSE:XOM opened at $80.02 on Friday. Exxon Mobil has a one year low of $64.65 and a one year high of $87.36. The firm has a market capitalization of $341.07 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 1.59 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.51 and a current ratio of 0.84.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.82. This represents a $3.48 annualized dividend and a dividend yield of 4.35%. Exxon Mobil’s dividend payout ratio is 66.53%.
Several hedge funds have recently added to or reduced their stakes in XOM. Norges Bank acquired a new position in shares of Exxon Mobil in the fourth quarter valued at about $2,796,142,000. Oregon Public Employees Retirement Fund grew its stake in shares of Exxon Mobil by 6,664.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 31,397,540 shares of the oil and gas company’s stock valued at $460,000 after acquiring an additional 30,933,358 shares in the last quarter. C WorldWide Group Holding A S acquired a new stake in Exxon Mobil during the third quarter worth about $363,290,000. Morgan Stanley grew its stake in Exxon Mobil by 19.6% during the third quarter. Morgan Stanley now owns 22,022,731 shares of the oil and gas company’s stock worth $1,872,372,000 after buying an additional 3,614,568 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Exxon Mobil by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 52,195,792 shares of the oil and gas company’s stock worth $3,553,133,000 after buying an additional 3,593,304 shares in the last quarter. Institutional investors and hedge funds own 54.62% of the company’s stock.
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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