Brokerages Expect Exxon Mobil Co. (NYSE:XOM) Will Announce Earnings of $0.87 Per Share


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Brokerages expect Exxon Mobil Co. (NYSE:XOM) to post $0.87 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Exxon Mobil’s earnings, with estimates ranging from $0.41 to $1.25. Exxon Mobil posted earnings per share of ($0.70) during the same quarter last year, which indicates a positive year over year growth rate of 224.3%. The company is expected to report its next quarterly earnings results on Friday, July 30th.

On average, analysts expect that Exxon Mobil will report full year earnings of $3.28 per share for the current year, with EPS estimates ranging from $2.08 to $4.31. For the next fiscal year, analysts anticipate that the company will report earnings of $3.90 per share, with EPS estimates ranging from $3.38 to $4.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Exxon Mobil.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Thursday, April 29th. The oil and gas company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.06. The company had revenue of $59.15 billion for the quarter, compared to analyst estimates of $55.36 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.14) EPS.

A number of equities analysts have recently commented on XOM shares. Jefferies Financial Group reiterated a “neutral” rating and set a $55.00 price target on shares of Exxon Mobil in a report on Friday. Mizuho boosted their target price on shares of Exxon Mobil from $55.00 to $58.00 and gave the company a “neutral” rating in a report on Monday. Citigroup raised their target price on shares of Exxon Mobil from $44.00 to $53.00 in a research note on Thursday, March 4th. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $53.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, March 2nd. Finally, Bank of America restated a “buy” rating and issued a $90.00 target price on shares of Exxon Mobil in a research note on Friday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $55.81.

In related news, Director Michael J. Angelakis purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, March 1st. The shares were purchased at an average price of $57.16 per share, for a total transaction of $1,429,000.00. Following the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $457,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.05% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Horan Securities Inc. lifted its position in shares of Exxon Mobil by 110.6% during the fourth quarter. Horan Securities Inc. now owns 596 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 313 shares in the last quarter. Clark Financial Advisors acquired a new position in Exxon Mobil during the fourth quarter worth $28,000. Mach 1 Financial Group Inc. acquired a new stake in Exxon Mobil in the fourth quarter valued at $29,000. Bellwether Advisors LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $32,000. Finally, Canton Hathaway LLC lifted its stake in shares of Exxon Mobil by 500.0% during the 1st quarter. Canton Hathaway LLC now owns 720 shares of the oil and gas company’s stock worth $40,000 after buying an additional 600 shares during the last quarter. 50.90% of the stock is owned by hedge funds and other institutional investors.

NYSE:XOM traded up $0.37 during mid-day trading on Tuesday, hitting $59.19. The stock had a trading volume of 23,458,438 shares, compared to its average volume of 28,946,604. Exxon Mobil has a twelve month low of $31.11 and a twelve month high of $62.55. The stock has a market cap of $250.58 billion, a price-to-earnings ratio of 35.23 and a beta of 1.31. The company’s 50 day simple moving average is $56.79 and its 200 day simple moving average is $47.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.93.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Thursday, May 13th will be paid a $0.87 dividend. The ex-dividend date is Wednesday, May 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.88%. Exxon Mobil’s payout ratio is presently 154.67%.

Exxon Mobil Company Profile

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; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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

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