Erste Group Bank Raises Earnings Estimates for ExxonMobil

ExxonMobil Corporation (NYSE:XOM) – Investment analysts at Erste Group Bank increased their FY2027 earnings per share estimates for ExxonMobil in a research report issued to clients and investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now forecasts that the oil and gas company will earn $11.81 per share 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 analysts have also recently commented on XOM. BNP Paribas Exane dropped their price target on shares of ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, July 17th. TD Cowen increased their price objective on shares of ExxonMobil from $168.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, September 28th. Barclays raised their price objective on shares of ExxonMobil from $177.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday. Jefferies Financial Group boosted their target price on ExxonMobil from $184.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Finally, Argus upped their target price on ExxonMobil from $169.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.70.

ExxonMobil Trading Down 0.1%

XOM stock opened at $177.94 on Friday. ExxonMobil has a twelve month low of $112.51 and a twelve month high of $180.31. The stock has a market capitalization of $737.56 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 0.89 and a beta of 0.21. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The firm’s fifty day simple moving average is $165.33 and its two-hundred day simple moving average is $154.89.

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

ExxonMobil Announces Dividend

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

Institutional Trading of ExxonMobil

Large investors have recently modified their holdings of the company. Gibbs Wealth Management lifted its stake 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 worth $2,685,000 after acquiring an additional 3,035 shares during the period. West Financial Advisors LLC purchased a new position in ExxonMobil during the 3rd quarter valued at about $93,000. Winthrop Advisory Group LLC raised its holdings in shares of ExxonMobil by 7.0% in the 3rd quarter. Winthrop Advisory Group LLC now owns 7,835 shares of the oil and gas company’s stock valued at $1,275,000 after purchasing an additional 513 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co raised its holdings in shares of ExxonMobil by 23.9% in the 3rd quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 38,093 shares of the oil and gas company’s stock valued at $6,784,000 after purchasing an additional 7,350 shares in the last quarter. Finally, Lighthouse Financial LLC raised its holdings in shares of ExxonMobil by 16.7% in the 3rd quarter. Lighthouse Financial LLC now owns 6,404 shares of the oil and gas company’s stock valued at $1,042,000 after purchasing an additional 915 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Key Headlines Impacting ExxonMobil

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.