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Analysts Anticipate Exxon Mobil Co. (NYSE:XOM) to Announce -$0.08 EPS

Last updated on Wednesday, September 30, 2020 | 2020 MarketBeat

Wall Street analysts expect that Exxon Mobil Co. (NYSE:XOM) will report earnings per share of ($0.08) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Exxon Mobil's earnings. The highest EPS estimate is $0.37 and the lowest is ($0.48). Exxon Mobil posted earnings of $0.68 per share in the same quarter last year, which suggests a negative year over year growth rate of 111.8%. The business is expected to issue its next earnings results before the market opens on Friday, October 30th.

According to Zacks, analysts expect that Exxon Mobil will report full-year earnings of ($0.34) per share for the current financial year, with EPS estimates ranging from ($0.76) to $0.12. For the next financial year, analysts forecast that the business will post earnings of $1.13 per share, with EPS estimates ranging from $0.56 to $1.97. Zacks Investment Research's earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Exxon Mobil.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The firm had revenue of $32.61 billion for the quarter, compared to analysts' expectations of $38.16 billion. During the same period last year, the company earned $0.61 earnings per share. The firm's revenue was down 52.8% on a year-over-year basis.

A number of research firms have recently weighed in on XOM. Scotiabank upgraded shares of Exxon Mobil from a "sector underperform" rating to a "sector perform" rating and set a $45.00 target price on the stock in a report on Wednesday, September 23rd. Standpoint Research raised Exxon Mobil from a "hold" rating to a "buy" rating in a research note on Friday, September 11th. JPMorgan Chase & Co. reaffirmed a "hold" rating and issued a $51.00 price objective on shares of Exxon Mobil in a research note on Tuesday, June 9th. SunTrust Banks started coverage on Exxon Mobil in a report on Thursday, July 23rd. They issued a "hold" rating and a $41.00 target price for the company. Finally, Royal Bank of Canada increased their price target on Exxon Mobil from $45.00 to $50.00 and gave the company an "underperform" rating in a report on Monday, August 3rd. Five analysts have rated the stock with a sell rating, twenty have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of "Hold" and a consensus target price of $51.22.

Exxon Mobil stock opened at $34.28 on Wednesday. Exxon Mobil has a 52-week low of $30.11 and a 52-week high of $73.12. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 0.25. The firm's fifty day moving average is $39.25 and its 200 day moving average is $42.25. The company has a market cap of $144.94 billion, a price-to-earnings ratio of 20.40 and a beta of 1.26.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 13th were given a dividend of $0.87 per share. The ex-dividend date was Wednesday, August 12th. This represents a $3.48 dividend on an annualized basis and a yield of 10.15%. Exxon Mobil's dividend payout ratio is presently 154.67%.

A number of large investors have recently bought and sold shares of XOM. State Street Corp grew its holdings in Exxon Mobil by 2.1% during the first quarter. State Street Corp now owns 206,504,078 shares of the oil and gas company's stock worth $7,840,960,000 after acquiring an additional 4,222,270 shares during the period. Geode Capital Management LLC grew its stake in shares of Exxon Mobil by 1.4% during the 1st quarter. Geode Capital Management LLC now owns 62,862,809 shares of the oil and gas company's stock worth $2,383,010,000 after purchasing an additional 893,003 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Exxon Mobil by 0.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 27,626,740 shares of the oil and gas company's stock valued at $1,235,468,000 after purchasing an additional 75,034 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Exxon Mobil by 18.9% in the 1st quarter. Franklin Resources Inc. now owns 25,832,354 shares of the oil and gas company's stock valued at $980,847,000 after purchasing an additional 4,097,287 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Exxon Mobil by 0.9% during the first quarter. Legal & General Group Plc now owns 25,667,782 shares of the oil and gas company's stock worth $975,483,000 after buying an additional 239,471 shares in the last quarter. 50.90% of the stock is currently 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.

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

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