Exxon Mobil (XOM) Scheduled to Post Earnings on Friday

Exxon Mobil (NYSE:XOMGet Rating) is scheduled to post its quarterly earnings results before the market opens on Friday, April 29th. Analysts expect Exxon Mobil to post earnings of $2.00 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings data on Tuesday, February 1st. The oil and gas company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.09. Exxon Mobil had a return on equity of 13.67% and a net margin of 8.07%. The firm had revenue of $84.97 billion during the quarter, compared to analysts’ expectations of $84.58 billion. During the same quarter last year, the business posted $0.03 EPS. The firm’s quarterly revenue was up 82.6% compared to the same quarter last year. On average, analysts expect Exxon Mobil to post $9 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Shares of NYSE:XOM opened at $87.03 on Friday. The stock’s 50-day moving average price is $82.28 and its two-hundred day moving average price is $71.78. The company has a current ratio of 1.04, a quick ratio of 0.71 and a debt-to-equity ratio of 0.25. Exxon Mobil has a 12-month low of $52.10 and a 12-month high of $91.50. The firm has a market cap of $368.45 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 0.53 and a beta of 1.17.

Exxon Mobil announced that its Board of Directors has approved a stock repurchase plan on Tuesday, February 1st that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to purchase up to 2.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 10th. Stockholders of record on Thursday, February 10th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Wednesday, February 9th. Exxon Mobil’s dividend payout ratio is currently 65.31%.

XOM has been the subject of a number of research analyst reports. Credit Suisse Group set a $76.00 price target on Exxon Mobil in a report on Friday, January 7th. JPMorgan Chase & Co. set a $100.00 price target on Exxon Mobil in a research report on Tuesday, March 29th. Citigroup increased their target price on Exxon Mobil from $74.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, March 3rd. Wells Fargo & Company increased their target price on Exxon Mobil from $93.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, March 11th. Finally, Royal Bank of Canada raised Exxon Mobil from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $90.00 to $100.00 in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Hold” and an average target price of $78.35.

In related news, VP Stephen A. Littleton sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 4th. The stock was sold at an average price of $81.29, for a total value of $812,900.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey W. Ubben sold 1,500,000 shares of the stock in a transaction on Wednesday, February 2nd. The shares were sold at an average price of $80.05, for a total value of $120,075,000.00. The disclosure for this sale can be found here. 0.05% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Keudell Morrison Wealth Management boosted its holdings in shares of Exxon Mobil by 1.4% during the 3rd quarter. Keudell Morrison Wealth Management now owns 41,652 shares of the oil and gas company’s stock valued at $2,450,000 after purchasing an additional 592 shares during the last quarter. Heritage Wealth Advisors increased its position in shares of Exxon Mobil by 5.6% during the fourth quarter. Heritage Wealth Advisors now owns 34,261 shares of the oil and gas company’s stock worth $2,096,000 after acquiring an additional 1,825 shares during the period. Vident Investment Advisory LLC increased its position in shares of Exxon Mobil by 12.0% during the fourth quarter. Vident Investment Advisory LLC now owns 31,924 shares of the oil and gas company’s stock worth $1,953,000 after acquiring an additional 3,433 shares during the period. Center for Financial Planning Inc. increased its position in shares of Exxon Mobil by 1.5% during the third quarter. Center for Financial Planning Inc. now owns 12,384 shares of the oil and gas company’s stock worth $728,000 after acquiring an additional 180 shares during the period. Finally, EverSource Wealth Advisors LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $590,000. Hedge funds and other institutional investors own 51.91% of the company’s stock.

About Exxon Mobil (Get Rating)

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; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Further Reading

Earnings History for Exxon Mobil (NYSE:XOM)

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