Erste Group Bank Decreases Earnings Estimates for ExxonMobil

ExxonMobil Corporation (NYSE:XOM) – Investment analysts at Erste Group Bank decreased their FY2027 earnings per share (EPS) estimates for shares of ExxonMobil in a report issued on Wednesday, August 5th. Erste Group Bank analyst H. Engel now expects that the oil and gas company will earn $10.97 per share for the year, down from their prior forecast of $11.00. The consensus estimate for ExxonMobil’s current full-year earnings is $12.34 per share.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). The company had revenue of $114.53 billion during the quarter, compared to analysts’ expectations of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same period last year, the company earned $1.64 earnings per share.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley cut their target price on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating for the company in a research report on Monday, June 29th. Mizuho lowered their price target on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Freedom Capital raised shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. BNP Paribas Exane set a $165.00 price objective on ExxonMobil and gave the stock a “neutral” rating in a report on Friday, April 17th. Finally, DZ Bank cut ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price objective for the company. in a research report on Tuesday, August 4th. Ten research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, ExxonMobil presently has a consensus rating of “Hold” and a consensus target price of $163.29.

ExxonMobil Stock Performance

Shares of XOM opened at $159.78 on Wednesday. The company has a market capitalization of $662.29 billion, a PE ratio of 20.56, a PEG ratio of 0.60 and a beta of 0.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. The company’s 50 day moving average price is $146.53 and its 200 day moving average price is $150.03. ExxonMobil has a 52 week low of $105.67 and a 52 week high of $176.41.

Institutional Trading of ExxonMobil

Institutional investors have recently added to or reduced their stakes in the business. Aventus Investment Advisors Inc. bought a new position in shares of ExxonMobil during the 2nd quarter valued at $27,000. Portus Wealth Advisors LLC acquired a new stake in shares of ExxonMobil in the 1st quarter valued at $36,000. Berbice Capital Management LLC bought a new stake in ExxonMobil in the fourth quarter worth $26,000. Midwest Capital Advisors LLC bought a new stake in ExxonMobil in the fourth quarter worth $27,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after buying an additional 187 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is presently 53.02%.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s record Permian production gives it significant leverage to higher crude prices as uncertainty surrounding the Strait of Hormuz and Middle East supply disruptions supports oil. Brent crude was recently reported near $89 per barrel after rebounding from early-July lows. Exxon Stock Jumps 3.3% as Oil Supply Fears Return
• Positive Sentiment: Second-quarter results showed sharply improved profitability, with net income of approximately $14.5 billion, operating cash flow of $23.6 billion and free cash flow of $17.2 billion. Production also reached records in the Permian and diesel operations, reinforcing the company’s operating momentum. ExxonMobil gains as strong quarterly results and higher oil prices bolster sentiment
• Positive Sentiment: ExxonMobil returned $9.4 billion to shareholders during the quarter through $4.3 billion of dividends and $5.1 billion of share repurchases. The company also declared a quarterly dividend of $1.03, supporting its appeal to income-focused investors. Exxon Handed Shareholders $9.4 Billion in One Quarter
• Neutral Sentiment: Analysts maintain a consensus “Hold” rating, while recently reported price targets range from $154 to $182, indicating upside potential for some investors but limited conviction across Wall Street. ExxonMobil Receives Consensus Rating of Hold
• Negative Sentiment: Adjusted earnings of $3.52 per share fell slightly short of analyst expectations, despite rising substantially from the prior year. The miss could restrain near-term gains if oil prices weaken or refining margins deteriorate. Exxon’s Profit Missed. So Why Is the Dividend Getting Stronger?
• Negative Sentiment: President Trump criticized ExxonMobil and Chevron for making “too much money” amid high fuel prices, creating a political risk that could lead to calls for increased regulation, taxes or other measures affecting oil producers. ExxonMobil vs. Chevron: Trump Attacks the Oil Giants

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.