Zacks Research Increases Earnings Estimates for Exxon Mobil

Exxon Mobil Corporation (NYSE:XOM) – Equities research analysts at Zacks Research upped their FY2026 earnings per share estimates for Exxon Mobil in a research note issued on Wednesday, December 10th. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings per share of $7.08 for the year, up from their previous forecast of $7.07. The consensus estimate for Exxon Mobil’s current full-year earnings is $7.43 per share.

Exxon Mobil (NYSE:XOM) last released its quarterly 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 return on equity of 11.22% and a net margin of 8.99%.The company had revenue of $57.55 billion during the quarter.

A number of other brokerages have also recently weighed in on XOM. Bank of America reduced their price objective on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Thursday, December 11th. Cowen reissued a “buy” rating on shares of Exxon Mobil in a research report on Friday. TD Cowen upped their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Friday. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Melius Research initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $129.45.

Exxon Mobil Stock Down 0.9%

Shares of Exxon Mobil stock opened at $117.75 on Monday. Exxon Mobil has a 12-month low of $97.80 and a 12-month high of $120.81. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $115.67 and a two-hundred day moving average price of $112.40. The stock has a market capitalization of $496.55 billion, a P/E ratio of 17.11, a PEG ratio of 7.48 and a beta of 0.38.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds have recently made changes to their positions in the business. Westfuller Advisors LLC acquired a new position in Exxon Mobil during the 3rd quarter worth approximately $30,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil in the first quarter worth $31,000. Marshall & Sullivan Inc. WA acquired a new position in Exxon Mobil during the second quarter worth $38,000. Game Plan Financial Advisors LLC grew its position in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 300 shares in the last quarter. Finally, Bare Financial Services Inc increased its stake in Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 201 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity

In related news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $118.75, for a total value of $356,250.00. Following the completion of the transaction, the vice president directly owned 31,584 shares in the company, valued at approximately $3,750,600. This represents a 8.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a $1.03 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 annualized dividend and a yield of 3.5%. Exxon Mobil’s payout ratio is currently 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.