Exxon Mobil FY2027 EPS Forecast Reduced by Zacks Research

Exxon Mobil Corporation (NYSE:XOM) – Research analysts at Zacks Research cut their FY2027 earnings estimates for Exxon Mobil in a research report issued to clients and investors on Friday, November 21st. Zacks Research analyst Team now anticipates that the oil and gas company will earn $9.63 per share for the year, down from their previous estimate of $10.37. The consensus estimate for Exxon Mobil’s current full-year earnings is $7.43 per share.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $57.55 billion during the quarter.

XOM has been the subject of a number of other reports. Mizuho decreased their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Melius assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Wells Fargo & Company began coverage on Exxon Mobil in a report on Friday, October 17th. They set an “overweight” rating and a $156.00 price target on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Exxon Mobil in a research note on Wednesday. Finally, UBS Group increased their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.67.

Exxon Mobil Stock Performance

XOM opened at $117.08 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $114.69 and its 200-day moving average is $111.13. The stock has a market cap of $493.75 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. Exxon Mobil has a twelve month low of $97.80 and a twelve month high of $123.21.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is presently 59.88%.

Institutional Trading of Exxon Mobil

A number of large investors have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. bought a new position in shares of Exxon Mobil in the third quarter valued at $67,907,000. Tcfg Wealth Management LLC grew its holdings in shares of Exxon Mobil by 32.5% in the 3rd quarter. Tcfg Wealth Management LLC now owns 14,300 shares of the oil and gas company’s stock worth $1,612,000 after acquiring an additional 3,506 shares during the last quarter. Oarsman Capital Inc. raised its position in shares of Exxon Mobil by 2.8% during the third quarter. Oarsman Capital Inc. now owns 4,965 shares of the oil and gas company’s stock worth $560,000 after purchasing an additional 137 shares during the period. Ariadne Wealth Management LP lifted its holdings in shares of Exxon Mobil by 56.4% during the third quarter. Ariadne Wealth Management LP now owns 2,939 shares of the oil and gas company’s stock valued at $349,000 after purchasing an additional 1,060 shares during the last quarter. Finally, Old North State Trust LLC boosted its position in shares of Exxon Mobil by 59.3% in the 3rd quarter. Old North State Trust LLC now owns 15,489 shares of the oil and gas company’s stock valued at $1,746,000 after purchasing an additional 5,765 shares during the period. 61.80% of the stock is currently owned by institutional investors.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.