Brokerages expect Exxon Mobil Corporation (NYSE:XOM) to post sales of $63.44 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Exxon Mobil Corporation’s earnings, with the lowest sales estimate coming in at $59.86 billion and the highest estimate coming in at $65.67 billion. Exxon Mobil Corporation posted sales of $58.68 billion in the same quarter last year, which suggests a positive year over year growth rate of 8.1%. The firm is scheduled to announce its next earnings results on Friday, October 27th.

On average, analysts expect that Exxon Mobil Corporation will report full year sales of $63.44 billion for the current financial year, with estimates ranging from $251.22 billion to $285.81 billion. For the next financial year, analysts anticipate that the firm will post sales of $272.04 billion per share, with estimates ranging from $250.86 billion to $309.95 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for 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 the consensus estimate of $0.83 by $0.05. The business had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. Exxon Mobil Corporation’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $0.41 EPS.

A number of equities research analysts have issued reports on XOM shares. Vetr lowered shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 target price for the company. in a research note on Tuesday, June 6th. Bank of America Corporation raised shares of Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $95.00 to $100.00 in a research note on Thursday, May 11th. Royal Bank Of Canada set a $96.00 price objective on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Thursday, May 11th. Scotiabank raised shares of Exxon Mobil Corporation from a “sector perform” rating to a “buy” rating and lifted their price objective for the company from $85.00 to $86.00 in a research note on Monday, June 5th. Finally, Societe Generale set a $95.00 price objective on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Eight equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $84.56.

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Shares of Exxon Mobil Corporation (NYSE XOM) opened at 76.72 on Monday. The firm has a market cap of $325.07 billion, a PE ratio of 27.66 and a beta of 0.81. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.21. The firm’s 50-day moving average price is $79.36 and its 200 day moving average price is $81.22.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 4.01%. Exxon Mobil Corporation’s payout ratio is currently 111.19%.

In related news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the sale, the director now owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

A number of hedge funds have recently bought and sold shares of XOM. Stonebridge Capital Management Inc. boosted its stake in Exxon Mobil Corporation by 4.5% in the first quarter. Stonebridge Capital Management Inc. now owns 108,534 shares of the oil and gas company’s stock worth $8,901,000 after buying an additional 4,648 shares during the last quarter. ARS Investment Partners LLC raised its position in Exxon Mobil Corporation by 11.1% in the fourth quarter. ARS Investment Partners LLC now owns 6,279 shares of the oil and gas company’s stock worth $567,000 after buying an additional 626 shares during the period. LGL Partners LLC raised its position in Exxon Mobil Corporation by 2.0% in the fourth quarter. LGL Partners LLC now owns 3,736 shares of the oil and gas company’s stock worth $337,000 after buying an additional 75 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Exxon Mobil Corporation by 42.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 719,700 shares of the oil and gas company’s stock worth $64,960,000 after buying an additional 213,785 shares during the period. Finally, Bridgeworth LLC purchased a new position in Exxon Mobil Corporation during the fourth quarter worth approximately $452,000. 50.77% of the stock is currently owned by institutional investors and hedge funds.

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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