Scotiabank Issues Negative Estimate for Exxon Mobil Earnings

Exxon Mobil Corporation (NYSE:XOM) – Investment analysts at Scotiabank reduced their FY2026 earnings estimates for Exxon Mobil in a research report issued to clients and investors on Friday, November 28th. Scotiabank analyst P. Cheng now expects that the oil and gas company will post earnings per share of $6.25 for the year, down from their prior estimate of $6.35. 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.

Several other equities analysts also recently weighed in on XOM. Barclays lowered their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Bank of America lifted their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Exxon Mobil in a research note on Tuesday, November 25th. Morgan Stanley increased their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Piper Sandler lifted their price target on shares of Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.67.

Exxon Mobil Trading Up 1.0%

Shares of Exxon Mobil stock opened at $115.87 on Monday. Exxon Mobil has a 1-year low of $97.80 and a 1-year high of $120.81. The company’s fifty day simple moving average is $114.84 and its 200-day simple moving average is $111.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a market capitalization of $488.64 billion, a PE ratio of 16.46, a P/E/G ratio of 2.06 and a beta of 0.49.

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

Institutional Investors Weigh In On Exxon Mobil

Institutional investors have recently added to or reduced their stakes in the stock. Eagle Capital Management LLC boosted its stake in Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares during the last quarter. Liberty Wealth Management LLC increased its stake in Exxon Mobil by 2,045.9% in the 1st quarter. Liberty Wealth Management LLC now owns 152,166 shares of the oil and gas company’s stock worth $18,097,000 after acquiring an additional 145,075 shares during the last quarter. Quantum Financial Planning Services Inc. raised its holdings in shares of Exxon Mobil by 17.7% during the 1st quarter. Quantum Financial Planning Services Inc. now owns 4,684 shares of the oil and gas company’s stock worth $557,000 after acquiring an additional 706 shares in the last quarter. Cheviot Value Management LLC boosted its position in shares of Exxon Mobil by 2.0% during the 1st quarter. Cheviot Value Management LLC now owns 120,024 shares of the oil and gas company’s stock valued at $14,274,000 after acquiring an additional 2,305 shares during the last quarter. Finally, Scotia Capital Inc. grew its holdings in shares of Exxon Mobil by 2.6% in the first quarter. Scotia Capital Inc. now owns 267,115 shares of the oil and gas company’s stock valued at $31,768,000 after purchasing an additional 6,895 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.6%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is presently 59.88%.

Exxon Mobil Company Profile

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.