$1.28 Earnings Per Share Expected for Exxon Mobil Co. (XOM) This Quarter
Wall Street brokerages expect that Exxon Mobil Co. (NYSE:XOM) will post $1.28 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Exxon Mobil’s earnings. The highest EPS estimate is $1.53 and the lowest is $1.10. Exxon Mobil posted earnings of $0.93 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 37.6%. The firm is expected to issue its next earnings results on Friday, October 26th.
On average, analysts expect that Exxon Mobil will report full year earnings of $4.54 per share for the current financial year, with EPS estimates ranging from $4.25 to $4.70. For the next financial year, analysts expect that the business will report earnings of $5.70 per share, with EPS estimates ranging from $4.80 to $6.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Exxon Mobil.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.34). The company had revenue of $73.50 billion for the quarter, compared to the consensus estimate of $71.66 billion. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The business’s revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 earnings per share.
In related news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the sale, the vice president now directly owns 214,774 shares in the company, valued at $18,045,311.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Kwmg LLC bought a new position in Exxon Mobil during the second quarter valued at about $102,000. CSat Investment Advisory L.P. bought a new position in Exxon Mobil during the second quarter valued at about $108,000. Macroview Investment Management LLC bought a new position in Exxon Mobil during the first quarter valued at about $102,000. Corbyn Investment Management Inc. MD bought a new position in Exxon Mobil during the first quarter valued at about $110,000. Finally, KHP Capital LLC bought a new position in Exxon Mobil during the first quarter valued at about $111,000. Institutional investors and hedge funds own 52.43% of the company’s stock.
Shares of XOM traded up $1.43 during trading hours on Monday, hitting $86.60. 13,387,400 shares of the company were exchanged, compared to its average volume of 13,096,450. The firm has a market cap of $360.90 billion, a PE ratio of 24.04, a P/E/G ratio of 1.43 and a beta of 0.86. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Exxon Mobil has a one year low of $72.15 and a one year high of $89.30.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 13th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, August 10th. This represents a $3.28 annualized dividend and a dividend yield of 3.79%. Exxon Mobil’s dividend payout ratio is 91.36%.
About Exxon Mobil
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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