Brokerages expect ExxonMobil (NYSE:XOM) to post sales of $67.33 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for ExxonMobil’s earnings. The highest sales estimate is $75.00 billion and the lowest is $57.84 billion. ExxonMobil posted sales of $63.29 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 6.4%. The business is expected to announce its next quarterly earnings report before the market opens on Friday, April 27th.
On average, analysts expect that ExxonMobil will report full year sales of $273.68 billion for the current year, with estimates ranging from $223.35 billion to $304.79 billion. For the next fiscal year, analysts forecast that the business will post sales of $268.68 billion per share, with estimates ranging from $208.44 billion to $308.35 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for ExxonMobil.
ExxonMobil (NYSE:XOM) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). The company had revenue of $66.52 billion for the quarter, compared to the consensus estimate of $74.41 billion. ExxonMobil had a return on equity of 8.00% and a net margin of 7.61%. ExxonMobil’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.41 EPS.
A number of equities analysts have recently issued reports on XOM shares. Vetr cut shares of ExxonMobil from a “strong-buy” rating to a “buy” rating and set a $87.14 price objective on the stock. in a research report on Tuesday, February 27th. Jefferies Group set a $90.00 price target on shares of ExxonMobil and gave the company a “neutral” rating in a research report on Friday, January 19th. Barclays reaffirmed a “sell” rating and issued a $84.00 price target on shares of ExxonMobil in a research report on Tuesday, February 20th. Societe Generale reaffirmed a “buy” rating and issued a $87.00 price target on shares of ExxonMobil in a research report on Tuesday, March 13th. Finally, JPMorgan Chase set a $83.00 price target on shares of ExxonMobil and gave the company a “neutral” rating in a research report on Monday, January 8th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $86.64.
Institutional investors have recently bought and sold shares of the business. CWH Capital Management Inc. purchased a new stake in shares of ExxonMobil during the 2nd quarter worth approximately $114,000. Ford Financial Group Inc. purchased a new stake in shares of ExxonMobil during the 4th quarter worth approximately $137,000. Litman Gregory Asset Management LLC purchased a new stake in shares of ExxonMobil during the 3rd quarter worth approximately $131,000. Acrospire Investment Management LLC increased its stake in shares of ExxonMobil by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Saratoga Research & Investment Management purchased a new stake in shares of ExxonMobil during the 3rd quarter worth approximately $172,000. 53.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of XOM stock traded down $0.42 on Monday, reaching $79.00. 12,064,995 shares of the company were exchanged, compared to its average volume of 13,623,437. The stock has a market capitalization of $336,539.22, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.19 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.82 and a quick ratio of 0.52. ExxonMobil has a one year low of $72.15 and a one year high of $89.30.
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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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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