Wall Street brokerages forecast that Exxon Mobil Co. (NYSE:XOM) will report $72.06 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Exxon Mobil’s earnings. The highest sales estimate is $74.02 billion and the lowest is $70.72 billion. Exxon Mobil reported sales of $66.17 billion in the same quarter last year, which would suggest a positive year over year growth rate of 8.9%. The firm is scheduled to issue its next earnings report on Friday, October 26th.

On average, analysts expect that Exxon Mobil will report full year sales of $287.54 billion for the current fiscal year, with estimates ranging from $287.23 billion to $287.71 billion. For the next financial year, analysts anticipate that the firm will post sales of $296.75 billion per share, with estimates ranging from $285.43 billion to $317.13 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Exxon Mobil.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, July 27th. The oil and gas company reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.34). The firm had revenue of $73.50 billion during the quarter, compared to analysts’ expectations of $71.66 billion. Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS.

Several analysts have recently commented on XOM shares. Royal Bank of Canada upgraded shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $72.16 to $100.00 in a report on Wednesday, May 30th. They noted that the move was a valuation call. Raymond James upgraded shares of Exxon Mobil from an “underperform” rating to a “market perform” rating in a report on Monday, April 23rd. They noted that the move was a valuation call. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $88.00 target price on shares of Exxon Mobil in a report on Tuesday, July 10th. BNP Paribas reiterated a “sell” rating and issued a $85.00 target price on shares of Exxon Mobil in a report on Wednesday, May 23rd. Finally, HSBC reiterated a “buy” rating and issued a $88.00 target price on shares of Exxon Mobil in a report on Monday, May 14th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Exxon Mobil currently has a consensus rating of “Hold” and a consensus price target of $86.98.

Shares of XOM stock traded up $0.26 on Thursday, hitting $78.26. The stock had a trading volume of 10,178,352 shares, compared to its average volume of 13,461,005. The company has a market cap of $336.54 billion, a P/E ratio of 21.80, a P/E/G ratio of 1.41 and a beta of 0.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51. Exxon Mobil has a 12-month low of $72.15 and a 12-month high of $89.30.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 10th. Investors of record on Monday, August 13th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, August 10th. This represents a $3.28 annualized dividend and a yield of 4.19%. Exxon Mobil’s payout ratio is currently 91.36%.

A number of institutional investors and hedge funds have recently bought and sold shares of XOM. GHP Investment Advisors Inc. boosted its position in Exxon Mobil by 4.6% during the second quarter. GHP Investment Advisors Inc. now owns 36,212 shares of the oil and gas company’s stock worth $2,996,000 after purchasing an additional 1,608 shares during the period. M Holdings Securities Inc. boosted its position in Exxon Mobil by 1.9% during the second quarter. M Holdings Securities Inc. now owns 51,175 shares of the oil and gas company’s stock worth $4,234,000 after purchasing an additional 945 shares during the period. Schroder Investment Management Group boosted its position in Exxon Mobil by 0.8% during the second quarter. Schroder Investment Management Group now owns 4,282,013 shares of the oil and gas company’s stock worth $350,997,000 after purchasing an additional 33,919 shares during the period. Dynasty Wealth Management LLC boosted its position in Exxon Mobil by 47.3% during the second quarter. Dynasty Wealth Management LLC now owns 4,156 shares of the oil and gas company’s stock worth $344,000 after purchasing an additional 1,334 shares during the period. Finally, Carnegie Capital Asset Management LLC boosted its position in Exxon Mobil by 4.5% during the second quarter. Carnegie Capital Asset Management LLC now owns 183,175 shares of the oil and gas company’s stock worth $14,370,000 after purchasing an additional 7,969 shares during the period. Institutional investors own 51.93% of the company’s stock.

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

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