$67.72 Billion in Sales Expected for Exxon Mobil Co. (NYSE:XOM) This Quarter

Brokerages expect Exxon Mobil Co. (NYSE:XOM) to post sales of $67.72 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Exxon Mobil’s earnings. The lowest sales estimate is $61.85 billion and the highest is $77.45 billion. Exxon Mobil reported sales of $73.50 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 7.9%. The firm is expected to report its next quarterly earnings results before the market opens on Friday, August 2nd.

According to Zacks, analysts expect that Exxon Mobil will report full year sales of $268.14 billion for the current fiscal year, with estimates ranging from $249.74 billion to $311.90 billion. For the next year, analysts forecast that the business will report sales of $298.11 billion, with estimates ranging from $251.90 billion to $407.09 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Exxon Mobil.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.20). The firm had revenue of $63.63 billion during the quarter, compared to the consensus estimate of $67.35 billion. Exxon Mobil had a return on equity of 9.63% and a net margin of 6.49%. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 EPS.

Several research analysts recently issued reports on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $100.00 target price on shares of Exxon Mobil in a research report on Thursday, April 25th. Morgan Stanley cut their target price on shares of Exxon Mobil from $86.00 to $85.00 and set an “equal weight” rating for the company in a research report on Thursday, May 16th. Credit Suisse Group set a $79.00 target price on shares of Exxon Mobil and gave the stock a “hold” rating in a research report on Tuesday, July 2nd. HSBC lowered shares of Exxon Mobil from a “buy” rating to a “hold” rating and set a $75.60 target price for the company. in a research report on Monday, May 13th. Finally, Goldman Sachs Group reiterated a “hold” rating and issued a $80.00 target price on shares of Exxon Mobil in a research report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $84.76.

In other news, VP Bryan W. Milton sold 6,033 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $76.34, for a total transaction of $460,559.22. Following the completion of the sale, the vice president now directly owns 219,423 shares in the company, valued at $16,750,751.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Curbstone Financial Management Corp boosted its holdings in shares of Exxon Mobil by 0.9% during the second quarter. Curbstone Financial Management Corp now owns 71,966 shares of the oil and gas company’s stock worth $5,515,000 after purchasing an additional 664 shares during the period. RDA Financial Network raised its stake in Exxon Mobil by 3.3% in the second quarter. RDA Financial Network now owns 4,840 shares of the oil and gas company’s stock worth $370,000 after buying an additional 154 shares in the last quarter. Smithbridge Asset Management Inc. DE raised its stake in Exxon Mobil by 1.1% in the second quarter. Smithbridge Asset Management Inc. DE now owns 34,136 shares of the oil and gas company’s stock worth $2,616,000 after buying an additional 365 shares in the last quarter. HT Partners LLC raised its stake in Exxon Mobil by 10.1% in the second quarter. HT Partners LLC now owns 5,210 shares of the oil and gas company’s stock worth $399,000 after buying an additional 478 shares in the last quarter. Finally, Centric Wealth Management raised its stake in Exxon Mobil by 1.7% in the second quarter. Centric Wealth Management now owns 8,965 shares of the oil and gas company’s stock worth $687,000 after buying an additional 153 shares in the last quarter. Institutional investors own 54.54% of the company’s stock.

Shares of Exxon Mobil stock traded down $0.03 during trading on Thursday, hitting $76.45. The stock had a trading volume of 421,300 shares, compared to its average volume of 9,965,226. The stock has a market capitalization of $322.39 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 1.84 and a beta of 0.97. Exxon Mobil has a 12 month low of $64.65 and a 12 month high of $87.36. The company’s 50-day moving average price is $74.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.50 and a current ratio of 0.77.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, May 13th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 4.55%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Friday, May 10th. Exxon Mobil’s dividend payout ratio is presently 70.59%.

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

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