$0.95 EPS Expected for Exxon Mobil Co. (XOM) This Quarter

Analysts expect Exxon Mobil Co. (NYSE:XOM) to post earnings per share of $0.95 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Exxon Mobil’s earnings. The highest EPS estimate is $1.43 and the lowest is $0.65. Exxon Mobil reported earnings per share of $1.09 during the same quarter last year, which would indicate a negative year over year growth rate of 12.8%. The company is expected to announce its next earnings report before the market opens on Friday, April 26th.

According to Zacks, analysts expect that Exxon Mobil will report full-year earnings of $4.02 per share for the current financial year, with EPS estimates ranging from $3.30 to $4.90. For the next fiscal year, analysts anticipate that the company will report earnings of $4.97 per share, with EPS estimates ranging from $4.15 to $6.01. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Exxon Mobil.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, February 1st. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.43. The business had revenue of $71.90 billion for the quarter, compared to analyst estimates of $78.87 billion. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.84%. Exxon Mobil’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $0.88 EPS.

Several research analysts have recently issued reports on XOM shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $93.00 price objective on shares of Exxon Mobil in a report on Monday, December 10th. Raymond James restated a “sell” rating on shares of Exxon Mobil in a research note on Tuesday, December 11th. Societe Generale cut their price target on Exxon Mobil from $92.00 to $84.00 and set a “buy” rating for the company in a report on Wednesday, December 19th. Credit Suisse Group reissued a “neutral” rating and set a $79.00 price objective on shares of Exxon Mobil in a report on Wednesday, December 19th. Finally, Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating in a research report on Sunday, January 6th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $84.59.

XOM stock traded up $0.45 during mid-day trading on Monday, reaching $82.94. 6,662,670 shares of the stock traded hands, compared to its average volume of 11,012,957. The stock has a market capitalization of $351.29 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.47 and a beta of 0.92. Exxon Mobil has a 52 week low of $64.65 and a 52 week high of $87.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.84 and a quick ratio of 0.51.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 11th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, February 8th. This represents a $3.28 annualized dividend and a yield of 3.95%. Exxon Mobil’s dividend payout ratio is 66.53%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Zevin Asset Management LLC lifted its stake in shares of Exxon Mobil by 1.6% in the 4th quarter. Zevin Asset Management LLC now owns 8,743 shares of the oil and gas company’s stock valued at $596,000 after purchasing an additional 141 shares during the period. Jackson Financial Management boosted its position in shares of Exxon Mobil by 2.1% during the fourth quarter. Jackson Financial Management now owns 6,776 shares of the oil and gas company’s stock worth $462,000 after purchasing an additional 142 shares in the last quarter. Kiwi Wealth Investments Limited Partnership grew its holdings in shares of Exxon Mobil by 1.5% in the 4th quarter. Kiwi Wealth Investments Limited Partnership now owns 9,737 shares of the oil and gas company’s stock valued at $664,000 after buying an additional 146 shares during the period. Cordasco Financial Network grew its holdings in shares of Exxon Mobil by 4.1% in the 4th quarter. Cordasco Financial Network now owns 3,775 shares of the oil and gas company’s stock valued at $257,000 after buying an additional 148 shares during the period. Finally, Sippican Capital Advisors increased its position in shares of Exxon Mobil by 1.0% in the 4th quarter. Sippican Capital Advisors now owns 15,310 shares of the oil and gas company’s stock valued at $1,044,000 after buying an additional 150 shares in the last quarter. 54.53% of the stock is owned by institutional investors.

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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

See Also: Outstanding Shares and The Effect on Share Price

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

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