Exxon Mobil Co. (XOM) Expected to Post Quarterly Sales of $69.31 Billion

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Wall Street analysts expect Exxon Mobil Co. (NYSE:XOM) to report $69.31 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Exxon Mobil’s earnings, with the lowest sales estimate coming in at $62.88 billion and the highest estimate coming in at $77.34 billion. Exxon Mobil posted sales of $68.21 billion in the same quarter last year, which would indicate a positive year over year growth rate of 1.6%. The company is scheduled to issue its next quarterly earnings report on Friday, April 26th.

According to Zacks, analysts expect that Exxon Mobil will report full-year sales of $294.36 billion for the current year, with estimates ranging from $245.99 billion to $338.05 billion. For the next fiscal year, analysts anticipate that the business will post sales of $276.55 billion, with estimates ranging from $249.12 billion to $303.99 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Exxon Mobil.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.43. The business had revenue of $71.90 billion for the quarter, compared to analyst estimates of $78.87 billion. Exxon Mobil had a return on equity of 10.84% and a net margin of 7.18%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 earnings per share.

Several brokerages have recently weighed in on XOM. Royal Bank of Canada reiterated a “buy” rating and set a $95.00 target price on shares of Exxon Mobil in a research note on Tuesday, February 19th. Zacks Investment Research downgraded shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a research report on Sunday, January 6th. Wolfe Research raised shares of Exxon Mobil from a “market perform” rating to an “outperform” rating in a report on Monday, November 26th. Berenberg Bank reissued a “neutral” rating and set a $76.00 price objective on shares of Exxon Mobil in a research note on Wednesday, January 9th. Finally, Credit Suisse Group set a $79.00 price objective on shares of Exxon Mobil and gave the stock a “neutral” rating in a research note on Tuesday, December 25th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. Exxon Mobil currently has an average rating of “Hold” and an average target price of $84.52.

NYSE XOM traded up $0.01 during trading hours on Tuesday, hitting $80.45. The company had a trading volume of 8,139,842 shares, compared to its average volume of 13,109,557. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.84 and a quick ratio of 0.51. Exxon Mobil has a 1-year low of $64.65 and a 1-year high of $87.36. The company has a market capitalization of $340.86 billion, a PE ratio of 16.32, a P/E/G ratio of 1.19 and a beta of 0.91.

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, February 11th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Friday, February 8th. Exxon Mobil’s dividend payout ratio (DPR) is currently 66.53%.

In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $72.84, for a total value of $1,092,600.00. Following the completion of the sale, the vice president now owns 223,461 shares in the company, valued at approximately $16,276,899.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.08% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Zevin Asset Management LLC lifted its position in Exxon Mobil by 1.6% during the fourth quarter. Zevin Asset Management LLC now owns 8,743 shares of the oil and gas company’s stock worth $596,000 after purchasing an additional 141 shares during the period. Jackson Financial Management boosted its holdings in Exxon Mobil by 2.1% in the fourth quarter. Jackson Financial Management now owns 6,776 shares of the oil and gas company’s stock valued at $462,000 after acquiring an additional 142 shares during the last quarter. Kiwi Wealth Investments Limited Partnership boosted its holdings in Exxon Mobil by 1.5% in the fourth quarter. Kiwi Wealth Investments Limited Partnership now owns 9,737 shares of the oil and gas company’s stock valued at $664,000 after acquiring an additional 146 shares during the last quarter. Cordasco Financial Network boosted its holdings in shares of Exxon Mobil by 4.1% during the 4th quarter. Cordasco Financial Network now owns 3,775 shares of the oil and gas company’s stock worth $257,000 after buying an additional 148 shares in the last quarter. Finally, Sippican Capital Advisors boosted its holdings in shares of Exxon Mobil by 1.0% during the 4th quarter. Sippican Capital Advisors now owns 15,310 shares of the oil and gas company’s stock worth $1,044,000 after buying an additional 150 shares in the last quarter. 53.62% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Return on Investment (ROI)

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