Exxon Mobil Co. (NYSE:XOM) Expected to Announce Earnings of $2.79 Per Share

Brokerages expect Exxon Mobil Co. (NYSE:XOMGet Rating) to post earnings per share of $2.79 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Exxon Mobil’s earnings, with estimates ranging from $2.54 to $3.23. Exxon Mobil reported earnings of $1.10 per share during the same quarter last year, which indicates a positive year over year growth rate of 153.6%. The company is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Exxon Mobil will report full year earnings of $10.15 per share for the current financial year, with EPS estimates ranging from $8.74 to $12.15. For the next year, analysts forecast that the business will post earnings of $8.76 per share, with EPS estimates ranging from $4.99 to $12.33. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Exxon Mobil.

Exxon Mobil (NYSE:XOMGet Rating) last announced its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.18). The firm had revenue of $90.50 billion for the quarter, compared to the consensus estimate of $83.57 billion. Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. Exxon Mobil’s revenue was up 53.0% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS.

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group set a $91.00 price target on shares of Exxon Mobil in a research report on Thursday, March 3rd. StockNews.com downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Royal Bank of Canada raised shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $90.00 to $100.00 in a research report on Thursday, April 21st. Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $93.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, March 11th. Finally, Jefferies Financial Group set a $62.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Tuesday, February 1st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Hold” and an average price target of $82.10.

Shares of XOM traded up $2.56 on Friday, hitting $88.86. 25,798,443 shares of the stock traded hands, compared to its average volume of 30,272,314. The company has a market capitalization of $374.33 billion, a PE ratio of 14.74, a P/E/G ratio of 0.42 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07. The business has a 50 day simple moving average of $84.70 and a 200 day simple moving average of $74.54. Exxon Mobil has a one year low of $52.10 and a one year high of $92.05.

Exxon Mobil declared that its board has authorized a share repurchase plan on Tuesday, February 1st that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to buy up to 2.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 13th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Thursday, May 12th. Exxon Mobil’s dividend payout ratio (DPR) is 58.37%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in XOM. GW&K Investment Management LLC purchased a new stake in Exxon Mobil in the 1st quarter worth $32,000. GoalVest Advisory LLC purchased a new stake in Exxon Mobil in the 1st quarter worth $38,000. Dravo Bay LLC purchased a new stake in Exxon Mobil in the 1st quarter worth $38,000. Guardian Wealth Management Inc. purchased a new stake in Exxon Mobil in the 4th quarter worth $30,000. Finally, Horan Securities Inc. purchased a new stake in Exxon Mobil in the 4th quarter worth $31,000. Institutional investors own 54.07% of the company’s stock.

Exxon Mobil Company Profile (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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