Erste Group Bank Decreases Earnings Estimates for ExxonMobil

Key Points

• Erste Group Bank lowered its FY2027 EPS estimate for ExxonMobil to $10.97 from $11.00, below the broader consensus estimate of $12.34.
• ExxonMobil reported quarterly EPS of $3.52, narrowly missing the $3.56 consensus, although revenue of $114.53 billion exceeded expectations and earnings rose from $1.64 per share a year earlier.
• Wall Street’s consensus rating remains “Hold”, with an average price target of $163.29. ExxonMobil also declared a quarterly dividend of $1.03 per share, equivalent to a 2.6% annualized yield.

ExxonMobil Corporation (NYSE:XOM - Free Report) - Equities research analysts at Erste Group Bank lowered their FY2027 earnings per share (EPS) estimates for ExxonMobil in a research note issued to investors on Wednesday, August 5th. Erste Group Bank analyst H. Engel now anticipates that the oil and gas company will post earnings of $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 - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The business had revenue of $114.53 billion during the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter last year, the firm posted $1.64 earnings per share.

A number of other research firms also recently commented on XOM. Sanford C. Bernstein dropped their target price on shares of ExxonMobil from $195.00 to $182.00 and set an "outperform" rating on the stock in a report on Monday, May 11th. HSBC set a $158.00 price target on shares of ExxonMobil in a research report on Monday, August 3rd. Mizuho dropped their price target on ExxonMobil from $175.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, July 9th. DZ Bank downgraded 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. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $182.00 price objective on shares of ExxonMobil in a research note on Monday, August 3rd. Ten equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $163.29.

ExxonMobil Stock Performance

NYSE:XOM opened at $159.78 on Wednesday. The company has a 50-day moving average of $146.53 and a 200-day moving average of $150.03. The firm has a market cap of $662.29 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 0.60 and a beta of 0.17. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. ExxonMobil has a twelve month low of $105.67 and a twelve month high of $176.41.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be issued a dividend of $1.03 per share. The ex-dividend date is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. ExxonMobil's payout ratio is currently 53.02%.

Institutional Investors Weigh In On ExxonMobil

Several hedge funds have recently made changes to their positions in XOM. Thoroughbred Financial Services LLC boosted its stake in ExxonMobil by 5.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 60,671 shares of the oil and gas company's stock worth $8,295,000 after purchasing an additional 3,144 shares during the period. Ninepoint Partners LP acquired a new stake in ExxonMobil during the 2nd quarter valued at $478,000. Jupiter Wealth Management LLC acquired a new stake in ExxonMobil during the 2nd quarter valued at $889,000. Bradley & Co. Private Wealth Management LLC lifted its holdings in shares of ExxonMobil by 704.9% in the second quarter. Bradley & Co. Private Wealth Management LLC now owns 491 shares of the oil and gas company's stock valued at $67,000 after purchasing an additional 430 shares in the last quarter. Finally, Essential Partners LLC lifted its holdings in shares of ExxonMobil by 9.2% in the second quarter. Essential Partners LLC now owns 1,303 shares of the oil and gas company's stock valued at $178,000 after purchasing an additional 110 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 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

ExxonMobil Company Profile

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.

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