Analysts expect that Exxon Mobil Co. (NYSE:XOM) will announce $69.84 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Exxon Mobil’s earnings. The highest sales estimate is $78.25 billion and the lowest is $63.76 billion. Exxon Mobil posted sales of $76.61 billion in the same quarter last year, which suggests a negative year over year growth rate of 8.8%. The company is expected to issue its next earnings results on Friday, November 1st.

According to Zacks, analysts expect that Exxon Mobil will report full-year sales of $273.32 billion for the current fiscal year, with estimates ranging from $254.46 billion to $293.85 billion. For the next fiscal year, analysts expect that the company will report sales of $310.03 billion, with estimates ranging from $273.28 billion to $404.43 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Exxon Mobil.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The business had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. Exxon Mobil’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.92 EPS.

XOM has been the subject of several research analyst reports. Berenberg Bank reiterated a “hold” rating and issued a $76.00 price objective on shares of Exxon Mobil in a research report on Wednesday, August 7th. Credit Suisse Group set a $74.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. set a $83.00 target price on Exxon Mobil and gave the company a “hold” rating in a research note on Sunday, August 4th. Bank of America reaffirmed a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a research note on Monday, August 5th. Finally, HSBC reaffirmed a “neutral” rating and set a $86.50 price objective on shares of Exxon Mobil in a research note on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $82.35.

In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of Exxon Mobil stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the transaction, the vice president now directly owns 189,800 shares in the company, valued at $13,445,432. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Massey Quick Simon & CO. LLC raised its holdings in Exxon Mobil by 121.2% during the second quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 183 shares in the last quarter. Krane Funds Advisors LLC bought a new stake in Exxon Mobil during the second quarter worth about $26,000. Asset Planning Services Ltd. raised its holdings in Exxon Mobil by 1,984.0% during the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 496 shares in the last quarter. INR Advisory Services LLC bought a new stake in Exxon Mobil during the fourth quarter worth about $43,000. Finally, Evolution Wealth Advisors LLC bought a new stake in Exxon Mobil during the second quarter worth about $45,000. Hedge funds and other institutional investors own 54.48% of the company’s stock.

XOM traded up $0.02 during trading on Monday, hitting $69.74. The company’s stock had a trading volume of 3,381,018 shares, compared to its average volume of 12,464,065. The firm’s 50 day moving average price is $73.45 and its two-hundred day moving average price is $76.73. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. Exxon Mobil has a 12 month low of $64.65 and a 12 month high of $87.36. The stock has a market capitalization of $293.85 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th will be paid a dividend of $0.87 per share. The ex-dividend date is Monday, August 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.99%. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.

Exxon Mobil Company Profile

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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