Exxon Mobil Co. to Post Q1 2018 Earnings of $1.05 Per Share, Jefferies Group Forecasts (XOM)

Exxon Mobil Co. (NYSE:XOM) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for shares of Exxon Mobil in a report issued on Monday. Jefferies Group analyst J. Gammel forecasts that the oil and gas company will post earnings of $1.05 per share for the quarter. Jefferies Group currently has a “Neutral” rating and a $87.00 price target on the stock. Jefferies Group also issued estimates for Exxon Mobil’s Q2 2018 earnings at $1.04 EPS, Q3 2018 earnings at $1.20 EPS, Q4 2018 earnings at $1.20 EPS, FY2018 earnings at $4.49 EPS and FY2019 earnings at $4.37 EPS.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.18). The firm had revenue of $66.52 billion during the quarter, compared to the consensus estimate of $74.41 billion. Exxon Mobil had a return on equity of 8.09% and a net margin of 7.61%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS.

Other equities analysts have also recently issued reports about the company. Goldman Sachs Group reissued a “neutral” rating and set a $96.00 price target on shares of Exxon Mobil in a report on Thursday, February 1st. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $83.00 target price on shares of Exxon Mobil in a report on Monday. Vetr raised Exxon Mobil from a “hold” rating to a “buy” rating and set a $87.50 price target on the stock in a report on Monday. Barclays lowered Exxon Mobil from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $91.00 to $84.00 in a research report on Tuesday. Finally, Credit Suisse Group cut their price objective on Exxon Mobil from $84.00 to $80.00 and set a “neutral” rating for the company in a research report on Monday. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $87.42.

Shares of Exxon Mobil (NYSE:XOM) opened at $78.35 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. Exxon Mobil has a 52 week low of $76.05 and a 52 week high of $89.30. The company has a market capitalization of $331,980.00, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.14 and a beta of 0.82.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 12th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.93%. Exxon Mobil’s payout ratio is 66.52%.

In other news, VP Bradley W. Corson sold 19,500 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $83.01, for a total value of $1,618,695.00. Following the sale, the vice president now directly owns 229,774 shares in the company, valued at approximately $19,073,539.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert N. Schleckser sold 4,877 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $83.37, for a total transaction of $406,595.49. Following the completion of the sale, the vice president now owns 187,663 shares in the company, valued at $15,645,464.31. The disclosure for this sale can be found here. Insiders sold a total of 51,357 shares of company stock worth $4,273,910 over the last 90 days. Company insiders own 0.08% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Sabal Trust CO raised its stake in Exxon Mobil by 2.6% during the 4th quarter. Sabal Trust CO now owns 360,073 shares of the oil and gas company’s stock worth $30,116,000 after acquiring an additional 9,252 shares in the last quarter. Reliant Investment Management LLC raised its stake in Exxon Mobil by 3.8% during the 4th quarter. Reliant Investment Management LLC now owns 19,113 shares of the oil and gas company’s stock worth $1,599,000 after acquiring an additional 700 shares in the last quarter. Carmichael Hill & Associates Inc. acquired a new stake in Exxon Mobil during the 4th quarter worth $1,277,000. Daiwa Securities Group Inc. grew its position in Exxon Mobil by 17.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 219,967 shares of the oil and gas company’s stock worth $18,397,000 after purchasing an additional 31,972 shares during the last quarter. Finally, Roffman Miller Associates Inc. PA grew its position in Exxon Mobil by 2.9% during the 4th quarter. Roffman Miller Associates Inc. PA now owns 218,272 shares of the oil and gas company’s stock worth $18,256,000 after purchasing an additional 6,209 shares during the last quarter. Hedge funds and other institutional investors own 51.28% of the company’s stock.

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Exxon Mobil 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.

Earnings History and Estimates for Exxon Mobil (NYSE:XOM)

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