$73.95 Billion in Sales Expected for Exxon Mobil Co. (XOM) This Quarter

Wall Street brokerages expect that Exxon Mobil Co. (NYSE:XOM) will announce sales of $73.95 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Exxon Mobil’s earnings. The lowest sales estimate is $68.05 billion and the highest is $80.82 billion. Exxon Mobil posted sales of $61.02 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 21.2%. The firm is scheduled to announce its next earnings results before the market opens on Friday, February 2nd.

On average, analysts expect that Exxon Mobil will report full-year sales of $73.95 billion for the current financial year, with estimates ranging from $253.01 billion to $273.15 billion. For the next fiscal year, analysts expect that the company will post sales of $295.68 billion per share, with estimates ranging from $263.48 billion to $334.58 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Exxon Mobil.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same period last year, the business posted $0.63 EPS.

A number of brokerages recently commented on XOM. Jefferies Group set a $90.00 target price on Exxon Mobil and gave the company a “neutral” rating in a report on Friday. HSBC set a $80.00 target price on Exxon Mobil and gave the company a “sell” rating in a report on Thursday. Vetr upgraded Exxon Mobil from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a report on Tuesday, January 16th. Zacks Investment Research upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a report on Saturday, January 13th. Finally, Wells Fargo & Co set a $88.00 target price on Exxon Mobil and gave the company a “neutral” rating in a report on Thursday, January 11th. Seven investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Exxon Mobil presently has an average rating of “Hold” and an average price target of $86.71.

Exxon Mobil (NYSE XOM) opened at $87.15 on Friday. Exxon Mobil has a twelve month low of $76.05 and a twelve month high of $88.21. The company has a market capitalization of $369,260.00, a PE ratio of 28.39, a P/E/G ratio of 1.34 and a beta of 0.82. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.

In other news, VP Neil A. Chapman sold 12,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $83.05, for a total transaction of $996,600.00. Following the sale, the vice president now owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert N. Schleckser sold 5,601 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.93, for a total value of $470,091.93. Following the sale, the vice president now directly owns 187,663 shares in the company, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. Insiders sold a total of 51,357 shares of company stock worth $4,273,910 in the last ninety days. 0.08% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Exxon Mobil by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after buying an additional 10,366,636 shares during the last quarter. Capital Research Global Investors grew its stake in Exxon Mobil by 7.0% during the 2nd quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock worth $2,548,668,000 after buying an additional 2,058,060 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Exxon Mobil by 6.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 27,892,268 shares of the oil and gas company’s stock worth $2,286,658,000 after buying an additional 1,595,027 shares during the last quarter. Legal & General Group Plc grew its stake in Exxon Mobil by 1.6% during the 3rd quarter. Legal & General Group Plc now owns 23,551,940 shares of the oil and gas company’s stock worth $1,930,784,000 after buying an additional 360,596 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Exxon Mobil by 6.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 22,716,523 shares of the oil and gas company’s stock worth $1,899,993,000 after buying an additional 1,314,210 shares during the last quarter. 51.06% of the stock is currently owned by institutional investors and hedge funds.

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About Exxon Mobil

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 (NYSE:XOM)

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