Erste Group Bank Increases Earnings Estimates for ExxonMobil

ExxonMobil Corporation (NYSE:XOM) – Stock analysts at Erste Group Bank upped their FY2027 earnings estimates for ExxonMobil in a research report issued on Wednesday, July 15th. Erste Group Bank analyst H. Engel now forecasts that the oil and gas company will post earnings of $10.80 per share for the year, up from their prior forecast of $10.49. The consensus estimate for ExxonMobil’s current full-year earnings is $11.38 per share.

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

A number of other brokerages also recently commented on XOM. DZ Bank upgraded ExxonMobil to a “strong-buy” rating in a research note on Monday, July 6th. UBS Group upped their price objective on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Piper Sandler dropped their price objective on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. TD Cowen cut their target price on shares of ExxonMobil from $172.00 to $155.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. Finally, Citigroup reiterated a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, ExxonMobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.45.

ExxonMobil Stock Performance

NYSE XOM opened at $147.56 on Friday. The firm has a market capitalization of $611.62 billion, a P/E ratio of 24.88, a PEG ratio of 0.61 and a beta of 0.17. The stock has a 50-day simple moving average of $145.78 and a two-hundred day simple moving average of $146.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. ExxonMobil has a fifty-two week low of $105.53 and a fifty-two week high of $176.41.

ExxonMobil Announces Dividend

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

Hedge Funds Weigh In On ExxonMobil

A number of hedge funds have recently bought and sold shares of the business. Eagle Capital Management LLC grew its stake in ExxonMobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 376 shares during the period. Caxton Associates LLP acquired a new position in ExxonMobil during the first quarter worth $305,000. Sivia Capital Partners LLC raised its position in ExxonMobil by 1.9% during the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after acquiring an additional 207 shares during the period. United Bank lifted its holdings in ExxonMobil by 2.8% during the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock valued at $2,352,000 after purchasing an additional 600 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its holdings in ExxonMobil by 17.4% during the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock valued at $3,957,000 after purchasing an additional 5,443 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s expanding LNG portfolio, including the Golden Pass project and other developments, could lift export capacity and future cash flows, strengthening the company’s long-term growth outlook. Will ExxonMobil’s Expanding LNG Portfolio Drive Long-Term Growth?
• Positive Sentiment: Analysts remain upbeat on ExxonMobil, with one report citing an average price target of $164.45, suggesting Wall Street still sees upside from current levels. Analysts Set ExxonMobil Corporation (NYSE:XOM) Target Price at $164.45
• Positive Sentiment: Erste Group raised its FY2027 EPS estimate for ExxonMobil to $10.80 from $10.49, reinforcing expectations that earnings will stay strong over the next few years.

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.