FY2023 Earnings Forecast for Exxon Mobil Co. (NYSE:XOM) Issued By Jefferies Financial Group

Exxon Mobil Co. (NYSE:XOMGet Rating) – Stock analysts at Jefferies Financial Group upped their FY2023 earnings per share (EPS) estimates for Exxon Mobil in a research note issued on Sunday, November 20th. Jefferies Financial Group analyst L. Byrne now anticipates that the oil and gas company will post earnings per share of $10.74 for the year, up from their prior forecast of $10.36. Jefferies Financial Group currently has a “Buy” rating and a $133.00 price target on the stock. The consensus estimate for Exxon Mobil’s current full-year earnings is $13.92 per share. Jefferies Financial Group also issued estimates for Exxon Mobil’s FY2024 earnings at $9.54 EPS.

Exxon Mobil (NYSE:XOMGet Rating) last released its earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.45 by $1.00. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. The business had revenue of $112.07 billion for the quarter, compared to analyst estimates of $102.96 billion. During the same quarter in the previous year, the company posted $1.58 earnings per share. The company’s revenue for the quarter was up 51.9% compared to the same quarter last year.

Other research analysts have also issued reports about the stock. Cowen boosted their price target on shares of Exxon Mobil to $108.00 in a research note on Friday, November 4th. BNP Paribas raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 target price for the company in a research note on Tuesday, November 1st. Wells Fargo & Company decreased their price target on Exxon Mobil from $116.00 to $109.00 and set an “overweight” rating on the stock in a research note on Friday, October 7th. Morgan Stanley upped their price objective on Exxon Mobil from $113.00 to $114.00 and gave the stock an “overweight” rating in a report on Wednesday, October 19th. Finally, Piper Sandler raised their target price on Exxon Mobil from $113.00 to $131.00 and gave the company an “overweight” rating in a report on Friday, November 11th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.52.

Exxon Mobil Stock Performance

Shares of XOM opened at $113.61 on Tuesday. Exxon Mobil has a 1 year low of $57.96 and a 1 year high of $114.66. The stock has a market capitalization of $467.88 billion, a P/E ratio of 9.27, a P/E/G ratio of 0.32 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.34. The company’s fifty day moving average is $102.38 and its two-hundred day moving average is $95.73.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of XOM. Global Retirement Partners LLC boosted its holdings in shares of Exxon Mobil by 0.3% in the 2nd quarter. Global Retirement Partners LLC now owns 51,444 shares of the oil and gas company’s stock valued at $4,406,000 after purchasing an additional 156 shares during the last quarter. Fort Sheridan Advisors LLC grew its position in Exxon Mobil by 8.4% during the first quarter. Fort Sheridan Advisors LLC now owns 7,802 shares of the oil and gas company’s stock valued at $644,000 after acquiring an additional 606 shares during the period. Radnor Capital Management LLC increased its stake in Exxon Mobil by 0.8% during the second quarter. Radnor Capital Management LLC now owns 157,128 shares of the oil and gas company’s stock worth $13,456,000 after acquiring an additional 1,241 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of Exxon Mobil by 1.4% in the 2nd quarter. Brown Advisory Inc. now owns 1,803,171 shares of the oil and gas company’s stock worth $134,296,000 after purchasing an additional 24,869 shares during the period. Finally, Apella Capital LLC lifted its stake in shares of Exxon Mobil by 54.9% in the 2nd quarter. Apella Capital LLC now owns 6,699 shares of the oil and gas company’s stock valued at $574,000 after purchasing an additional 2,373 shares in the last quarter. 56.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $110.47, for a total value of $276,175.00. Following the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $2,801,850.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.20%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. The ex-dividend date is Monday, November 14th. Exxon Mobil’s payout ratio is 29.71%.

About Exxon Mobil

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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.

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

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