Exxon Mobil Co. (NYSE:XOM) Expected to Post Quarterly Sales of $92.05 Billion

Equities research analysts expect that Exxon Mobil Co. (NYSE:XOMGet Rating) will post sales of $92.05 billion for the current quarter, Zacks reports. Four analysts have provided estimates for Exxon Mobil’s earnings, with the highest sales estimate coming in at $100.32 billion and the lowest estimate coming in at $85.07 billion. Exxon Mobil reported sales of $67.74 billion during the same quarter last year, which would suggest a positive year over year growth rate of 35.9%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Exxon Mobil will report full year sales of $359.68 billion for the current year, with estimates ranging from $331.96 billion to $381.42 billion. For the next fiscal year, analysts expect that the company will report sales of $339.74 billion, with estimates ranging from $294.84 billion to $390.48 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Exxon Mobil.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). The firm had revenue of $90.50 billion for the quarter, compared to analysts’ expectations of $83.57 billion. Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The firm’s revenue for the quarter was up 53.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share.

Several brokerages recently issued reports on XOM. Morgan Stanley upped their target price on shares of Exxon Mobil from $95.00 to $103.00 and gave the stock an “overweight” rating in a research report on Friday, April 22nd. Bank of America upped their target price on shares of Exxon Mobil from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, February 15th. Barclays upped their target price on shares of Exxon Mobil from $91.00 to $98.00 in a research report on Wednesday, March 9th. Cowen upped their price target on shares of Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Finally, JPMorgan Chase & Co. set a $100.00 price target on shares of Exxon Mobil in a research report on Tuesday, March 29th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $82.10.

Several large investors have recently bought and sold shares of the company. Guardian Wealth Management Inc. bought a new position in Exxon Mobil in the fourth quarter worth approximately $30,000. Horan Securities Inc. bought a new position in Exxon Mobil in the fourth quarter worth approximately $31,000. West Bancorporation Inc. bought a new position in Exxon Mobil in the fourth quarter worth approximately $32,000. GW&K Investment Management LLC bought a new position in Exxon Mobil in the first quarter worth approximately $32,000. Finally, Nvwm LLC raised its position in Exxon Mobil by 100.0% in the fourth quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 54.07% of the company’s stock.

Shares of XOM traded up $2.56 during mid-day trading on Monday, reaching $88.86. 25,798,443 shares of the stock traded hands, compared to its average volume of 30,272,314. The firm has a fifty day moving average price of $84.70 and a 200 day moving average price of $74.54. The company has a market cap of $374.33 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 0.42 and a beta of 1.06. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24. Exxon Mobil has a 1 year low of $52.10 and a 1 year high of $92.05.

Exxon Mobil announced that its board has approved a share buyback plan on Tuesday, February 1st that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 13th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, May 12th. Exxon Mobil’s payout ratio is 58.37%.

Exxon Mobil Company Profile (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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

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