Erste Group Bank Predicts Weaker Earnings for ExxonMobil

Key Points

• Erste Group Bank lowered its FY2026 EPS estimate for ExxonMobil to $11.00 from $11.32, signaling softer earnings expectations ahead. That still sits slightly below the broader consensus estimate of $11.38 per share.
• Despite the downgrade, Wall Street sentiment remains generally positive on ExxonMobil, with the stock carrying a Moderate Buy consensus and an average price target of $164.45.
• ExxonMobil recently beat quarterly expectations, reporting $1.16 EPS on $83.16 billion in revenue, while also maintaining a 2.8% dividend yield.

ExxonMobil Corporation (NYSE:XOM - Free Report) - Equities research analysts at Erste Group Bank cut their FY2026 earnings per share estimates for ExxonMobil in a research report issued to clients and investors on Wednesday, July 15th. Erste Group Bank analyst H. Engel now expects that the oil and gas company will post earnings of $11.00 per share for the year, down from their prior forecast of $11.32. The consensus estimate for ExxonMobil's current full-year earnings is $11.38 per share.

Several other analysts have also recently commented on the stock. Weiss Ratings cut shares of ExxonMobil from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. boosted their price objective on shares of ExxonMobil from $140.00 to $170.00 and gave the stock an "overweight" rating in a research report on Thursday, April 9th. Scotiabank upped their price objective on ExxonMobil from $128.00 to $163.00 and gave the stock a "sector outperform" rating in a report on Wednesday, April 22nd. DZ Bank upgraded ExxonMobil to a "strong-buy" rating in a research report on Monday, July 6th. Finally, Piper Sandler dropped their target price on ExxonMobil from $186.00 to $182.00 and set an "overweight" rating for the company in a research report on Thursday, April 9th. One 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $164.45.

ExxonMobil Trading Up 0.1%

Shares of NYSE XOM opened at $147.56 on Monday. ExxonMobil has a 1-year low of $105.53 and a 1-year high of $176.41. The company has a market cap of $611.62 billion, a PE ratio of 24.88, a P/E/G ratio of 0.61 and a beta of 0.17. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $145.78 and a two-hundred day moving average of $146.49.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.18. The firm 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 company's revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.76 EPS.

ExxonMobil Dividend Announcement

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

Hedge Funds Weigh In On ExxonMobil

Large investors have recently bought and sold shares of the business. Norges Bank bought a new stake in ExxonMobil in the fourth quarter valued at approximately $7,625,063,000. Quantum Portfolio Management LLC bought a new position in shares of ExxonMobil during the first quarter worth $965,932,000. Arrowstreet Capital Limited Partnership bought a new position in shares of ExxonMobil during the first quarter worth $766,345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of ExxonMobil by 18.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company's stock valued at $1,925,119,000 after buying an additional 2,465,410 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of ExxonMobil by 334.4% in the 4th quarter. Van ECK Associates Corp now owns 3,062,497 shares of the oil and gas company's stock valued at $368,541,000 after buying an additional 2,357,467 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil News Roundup

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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.