Scotiabank Has Positive View of Exxon Mobil FY2026 Earnings

Exxon Mobil Corporation (NYSE:XOM) – Equities researchers at Scotiabank lifted their FY2026 earnings estimates for Exxon Mobil in a research note issued to investors on Wednesday, February 11th. Scotiabank analyst P. Cheng now anticipates that the oil and gas company will earn $5.00 per share for the year, up from their previous forecast of $4.80. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Exxon Mobil’s current full-year earnings is $7.43 per share. Scotiabank also issued estimates for Exxon Mobil’s FY2027 earnings at $7.25 EPS.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.08. The firm had revenue of $82.31 billion for the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 EPS.

Other analysts have also issued reports about the company. Piper Sandler dropped their price objective on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Loop Capital set a $123.00 price target on shares of Exxon Mobil in a research note on Tuesday, February 3rd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $155.00 price objective on shares of Exxon Mobil in a research note on Wednesday, February 4th. Citigroup lifted their target price on shares of Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. Finally, Bank of America increased their price target on Exxon Mobil from $129.00 to $135.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Hold” and a consensus price target of $140.59.

Exxon Mobil Trading Down 1.0%

XOM stock opened at $148.47 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. Exxon Mobil has a twelve month low of $97.80 and a twelve month high of $156.93. The company has a market cap of $626.12 billion, a P/E ratio of 22.19, a PEG ratio of 15.40 and a beta of 0.39. The business has a fifty day moving average of $129.26 and a 200-day moving average of $118.82.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. Exxon Mobil’s payout ratio is 61.58%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of Exxon Mobil stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $149.18, for a total transaction of $481,851.40. Following the transaction, the vice president directly owned 20,354 shares in the company, valued at approximately $3,036,409.72. The trade was a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 14,230 shares of company stock valued at $1,888,421. 0.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Exxon Mobil

A number of hedge funds have recently modified their holdings of XOM. Arete Wealth Advisors LLC grew its position in shares of Exxon Mobil by 6.6% in the 4th quarter. Arete Wealth Advisors LLC now owns 80,464 shares of the oil and gas company’s stock valued at $9,683,000 after purchasing an additional 4,964 shares during the period. Jacobi Capital Management LLC lifted its stake in Exxon Mobil by 2.5% in the fourth quarter. Jacobi Capital Management LLC now owns 52,221 shares of the oil and gas company’s stock valued at $6,284,000 after buying an additional 1,265 shares in the last quarter. CreativeOne Wealth LLC boosted its holdings in shares of Exxon Mobil by 5.6% in the fourth quarter. CreativeOne Wealth LLC now owns 58,225 shares of the oil and gas company’s stock valued at $7,007,000 after buying an additional 3,076 shares during the period. Security National Bank of Sioux City Iowa IA increased its position in shares of Exxon Mobil by 0.6% during the fourth quarter. Security National Bank of Sioux City Iowa IA now owns 27,315 shares of the oil and gas company’s stock worth $3,287,000 after acquiring an additional 158 shares in the last quarter. Finally, Burton Enright Welch acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $429,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

About Exxon Mobil

Exxon Mobil 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.