Analysts Anticipate Exxon Mobil Corporation (XOM) to Post $0.83 Earnings Per Share
Equities analysts forecast that Exxon Mobil Corporation (NYSE:XOM) will post $0.83 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Exxon Mobil Corporation’s earnings. The lowest EPS estimate is $0.66 and the highest is $0.91. Exxon Mobil Corporation reported earnings per share of $0.63 during the same quarter last year, which would indicate a positive year over year growth rate of 31.7%. The company is scheduled to announce its next earnings report on Friday, October 27th.
According to Zacks, analysts expect that Exxon Mobil Corporation will report full-year earnings of $3.45 per share for the current fiscal year, with EPS estimates ranging from $3.12 to $3.79. For the next fiscal year, analysts forecast that the company will post earnings of $3.89 per share, with EPS estimates ranging from $2.98 to $5.24. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Exxon Mobil Corporation.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. The business had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business’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 earnings per share.
Several equities research analysts have issued reports on the company. Scotiabank set a $86.00 price objective on Exxon Mobil Corporation and gave the stock a “buy” rating in a report on Saturday, June 17th. HSBC Holdings plc reiterated a “neutral” rating and issued a $85.00 target price on shares of Exxon Mobil Corporation in a research report on Thursday, April 13th. Morgan Stanley reiterated a “sell” rating and issued a $84.00 target price on shares of Exxon Mobil Corporation in a research report on Thursday, April 13th. Vetr upgraded Exxon Mobil Corporation from a “hold” rating to a “buy” rating and set a $87.64 target price for the company in a research report on Tuesday, April 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $86.00 target price on shares of Exxon Mobil Corporation in a research report on Wednesday, May 17th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $85.39.
Exxon Mobil Corporation (XOM) opened at 80.16 on Tuesday. The firm has a market capitalization of $339.64 billion, a P/E ratio of 28.95 and a beta of 0.81. The company has a 50-day moving average price of $81.06 and a 200-day moving average price of $82.01. Exxon Mobil Corporation has a one year low of $78.27 and a one year high of $93.21.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is presently 111.19%.
Hedge funds have recently bought and sold shares of the company. Cordasco Financial Network increased its stake in Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after buying an additional 15 shares in the last quarter. Horizon Investment Services LLC increased its stake in Exxon Mobil Corporation by 0.4% in the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock worth $393,000 after buying an additional 20 shares in the last quarter. LifePlan Financial Group Inc increased its stake in Exxon Mobil Corporation by 0.5% in the first quarter. LifePlan Financial Group Inc now owns 4,514 shares of the oil and gas company’s stock worth $370,000 after buying an additional 24 shares in the last quarter. Jag Capital Management LLC increased its stake in Exxon Mobil Corporation by 0.5% in the second quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock worth $455,000 after buying an additional 26 shares in the last quarter. Finally, Nadler Financial Group Inc. increased its stake in Exxon Mobil Corporation by 0.3% in the first quarter. Nadler Financial Group Inc. now owns 15,864 shares of the oil and gas company’s stock worth $1,301,000 after buying an additional 40 shares in the last quarter. 50.59% of the stock is currently owned by institutional investors.
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Exxon Mobil Corporation Company Profile
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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