Erste Group Bank Boosts Earnings Estimates for ExxonMobil

ExxonMobil Corporation (NYSE:XOM) – Equities researchers at Erste Group Bank upped their FY2026 earnings per share (EPS) estimates for shares of ExxonMobil in a report issued on Friday, June 5th. Erste Group Bank analyst H. Engel now anticipates that the oil and gas company will post earnings of $11.26 per share for the year, up from their previous forecast of $10.12. The consensus estimate for ExxonMobil’s current full-year earnings is $11.66 per share. Erste Group Bank also issued estimates for ExxonMobil’s FY2027 earnings at $10.37 EPS.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.98 by $0.18. The company had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 EPS.

Other analysts have also issued research reports about the company. Wells Fargo & Company lifted their price objective on ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Bank of America lifted their price objective on ExxonMobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. boosted their price target on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Sanford C. Bernstein decreased their price target on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Finally, Morgan Stanley decreased their price target on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Ten research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $165.55.

ExxonMobil Price Performance

Shares of NYSE:XOM opened at $146.56 on Friday. ExxonMobil has a 1-year low of $105.53 and a 1-year high of $176.41. The firm has a market capitalization of $607.47 billion, a PE ratio of 24.71, a PEG ratio of 0.65 and a beta of 0.16. The business’s 50 day moving average is $152.37 and its 200-day moving average is $142.33. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio is currently 69.48%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 1,080 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the sale, the vice president owned 17,124 shares in the company, valued at approximately $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On ExxonMobil

Several large investors have recently modified their holdings of XOM. Norges Bank bought a new stake in shares of ExxonMobil in the fourth quarter worth about $7,625,063,000. Quantum Portfolio Management LLC bought a new stake in shares of ExxonMobil in the first quarter worth about $965,932,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of ExxonMobil during the first quarter worth about $766,345,000. Franklin Resources Inc. boosted its position in shares of ExxonMobil by 7.4% during the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock worth $4,366,655,000 after buying an additional 2,660,910 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of ExxonMobil by 218.4% during the third quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock worth $155,696,000 after buying an additional 2,546,791 shares during the period. 61.80% of the stock is currently owned by institutional investors.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Erste Group Bank raised its FY2026 EPS estimate for ExxonMobil to $11.26 from $10.12, signaling stronger expected profitability. ExxonMobil estimate update
• Positive Sentiment: The firm also lifted its FY2027 EPS estimate to $10.37 from $10.05, adding to the view that earnings remain resilient beyond this year. ExxonMobil estimate update
• Positive Sentiment: Broader energy-market momentum and higher crude prices are supporting integrated oil names like ExxonMobil, which can improve refining and upstream margins. Energy sector strength article
• Neutral Sentiment: Exxon began planned work at its Beaumont, Texas complex, with increased activity and flaring likely representing routine maintenance rather than a material catalyst. Beaumont complex work
• Neutral Sentiment: Reports that the head of Exxon’s global trading unit is retiring may prompt some management-watchful investors, but there is no indication yet of a broader business impact. Trading head retirement

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.