Erste Group Bank Forecasts Stronger Earnings for ExxonMobil

ExxonMobil Corporation (NYSE:XOM) – Erste Group Bank increased their FY2027 earnings per share estimates for ExxonMobil in a research note issued to investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now anticipates that the oil and gas company will post earnings per share of $11.81 for the year, up from their prior forecast of $11.12. The consensus estimate for ExxonMobil’s current full-year earnings is $13.63 per share.

A number of other equities research analysts have also recently commented on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 target price (up from $160.00) on shares of ExxonMobil in a research report on Monday, September 21st. DZ Bank downgraded ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a research report on Tuesday, August 4th. UBS Group reissued a “buy” rating and issued a $199.00 price objective on shares of ExxonMobil in a research report on Monday. Bank of America cut ExxonMobil from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. Finally, Citigroup restated a “neutral” rating and set a $175.00 target price (up from $150.00) on shares of ExxonMobil in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, ExxonMobil currently has a consensus rating of “Moderate Buy” and an average price target of $167.70.

ExxonMobil Stock Down 0.1%

NYSE:XOM opened at $177.94 on Friday. The company’s 50-day simple moving average is $165.33 and its 200-day simple moving average is $154.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. ExxonMobil has a fifty-two week low of $112.51 and a fifty-two week high of $180.31. The stock has a market capitalization of $737.56 billion, a P/E ratio of 22.90, a P/E/G ratio of 0.89 and a beta of 0.21.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). The company had revenue of $114.53 billion during the quarter, compared to analysts’ expectations of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same quarter last year, the firm earned $1.64 EPS.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were given a dividend of $1.03 per share. The ex-dividend date was Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.3%. ExxonMobil’s payout ratio is currently 53.02%.

Institutional Investors Weigh In On ExxonMobil

Hedge funds have recently added to or reduced their stakes in the business. Gibbs Wealth Management increased its holdings in ExxonMobil by 22.5% in the third quarter. Gibbs Wealth Management now owns 16,496 shares of the oil and gas company’s stock valued at $2,685,000 after buying an additional 3,035 shares in the last quarter. West Financial Advisors LLC acquired a new position in shares of ExxonMobil in the third quarter worth about $93,000. Winthrop Advisory Group LLC boosted its stake in shares of ExxonMobil by 7.0% during the 3rd quarter. Winthrop Advisory Group LLC now owns 7,835 shares of the oil and gas company’s stock worth $1,275,000 after acquiring an additional 513 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co boosted its stake in shares of ExxonMobil by 23.9% during the 3rd quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 38,093 shares of the oil and gas company’s stock worth $6,784,000 after acquiring an additional 7,350 shares in the last quarter. Finally, Lighthouse Financial LLC boosted its stake in shares of ExxonMobil by 16.7% during the 3rd quarter. Lighthouse Financial LLC now owns 6,404 shares of the oil and gas company’s stock worth $1,042,000 after acquiring an additional 915 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher crude prices, reportedly driven in part by Middle East tensions, have boosted the outlook for ExxonMobil’s upstream earnings. The company’s low-cost Permian Basin and Guyana operations are viewed as important sources of production growth toward its 2030 targets. ExxonMobil Just Gained 12% in a Month and Chevron 11%: Take Profits, or Buy More? Can ExxonMobil Strengthen Its Long-Term Upstream Production Capacity?
• Positive Sentiment: Momentum-focused coverage highlights XOM’s recent outperformance and balance-sheet strength relative to BP, which may attract investors seeking exposure to the integrated energy sector. XOM vs. BP: Which Integrated Energy Giant Has the Edge?
• Neutral Sentiment: ExxonMobil is scheduled to report earnings Friday. The report is a near-term catalyst that could validate the recent rally or trigger profit-taking if results or guidance fall short of elevated expectations. ExxonMobil (XOM) Set to Release Earnings on Friday
• Neutral Sentiment: Analyst comparisons with Canadian Natural Resources and investment commentary contrasting XOM with Cameco provide context for portfolio positioning, but do not represent new company-specific developments. Reviewing Canadian Natural Resources and ExxonMobil
• Negative Sentiment: A disruption at ExxonMobil’s Illinois refinery has contributed to a sharp increase in Midwest gasoline prices. While tighter fuel supply could support refining margins, the outage creates operational and volume risks for XOM. Midwest pump prices surge after disruption at Exxon’s Illinois refinery

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.