FY2027 EPS Estimates for ExxonMobil Cut by Erste Group Bank

Key Points

• Erste Group Bank lowered its FY2027 EPS estimate for ExxonMobil to $10.91 from $10.97, below the broader consensus estimate of $11.86.
• Analyst sentiment remains mixed: ExxonMobil has 10 Buy ratings and 12 Hold ratings, with an average target price of $166.10 and an overall “Hold” rating.
• ExxonMobil reported quarterly EPS of $3.52, slightly below estimates, but revenue exceeded expectations; the company also declared a quarterly dividend of $1.03, representing a 2.6% annualized yield.

ExxonMobil Corporation (NYSE:XOM - Free Report) - Investment analysts at Erste Group Bank decreased their FY2027 earnings per share estimates for shares of ExxonMobil in a research report issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now forecasts that the oil and gas company will post earnings of $10.91 per share for the year, down from their prior estimate of $10.97. The consensus estimate for ExxonMobil's current full-year earnings is $11.86 per share.

A number of other equities analysts have also weighed in on XOM. Sanford C. Bernstein dropped their target price on shares of ExxonMobil from $195.00 to $182.00 and set an "outperform" rating for the company in a research report on Monday, May 11th. Barclays decreased their price target on shares of ExxonMobil from $182.00 to $177.00 and set an "overweight" rating on the stock in a research note on Monday, August 17th. Weiss Ratings raised shares of ExxonMobil from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, August 4th. Wells Fargo & Company restated an "overweight" rating and set a $182.00 price objective on shares of ExxonMobil in a research report on Monday, August 3rd. Finally, Mizuho reduced their target price on ExxonMobil from $175.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, July 9th. Ten equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, ExxonMobil has an average rating of "Hold" and an average target price of $166.10.

ExxonMobil Trading Up 0.1%

ExxonMobil stock opened at $156.88 on Monday. ExxonMobil has a 1 year low of $108.35 and a 1 year high of $176.41. The firm's 50 day moving average price is $150.53 and its 200-day moving average price is $151.88. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a market cap of $650.26 billion, a P/E ratio of 20.19, a PEG ratio of 0.62 and a beta of 0.17.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share 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 in the previous year, the company earned $1.64 earnings per share.

ExxonMobil Dividend Announcement

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

Hedge Funds Weigh In On ExxonMobil

Institutional investors have recently bought and sold shares of the business. Aventus Investment Advisors Inc. purchased a new position in ExxonMobil in the second quarter worth about $27,000. Portus Wealth Advisors LLC purchased a new stake in ExxonMobil during the first quarter valued at approximately $36,000. Berbice Capital Management LLC bought a new stake in shares of ExxonMobil in the 4th quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of ExxonMobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock valued at $27,000 after purchasing an additional 187 shares during the last quarter. Finally, Atlantic Private Wealth LLC boosted its holdings in shares of ExxonMobil by 776.9% in the 1st quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company's stock worth $39,000 after purchasing an additional 202 shares during the period. Institutional investors own 61.80% of the company's stock.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices have lifted ExxonMobil’s earnings outlook, reinforcing the bullish view that the company can continue benefiting from its integrated upstream, refining and chemicals operations. I'm Not Selling ExxonMobil, Even With Oil Prices Where They Are
• Positive Sentiment: Valuation analysis indicates XOM may be trading below estimates of its discounted-cash-flow value and below levels suggested by market multiples. The company’s Mozambique LNG contracts also add potential long-term growth and cash-flow support. ExxonMobil Stock Could Trade At A Discount Despite Mozambique LNG Contracts
• Positive Sentiment: ExxonMobil’s low debt load and strong balance sheet provide flexibility to withstand weaker commodity prices, pursue acquisitions and maintain shareholder returns, including its dividend. Why ExxonMobil's Financial Strength Matters for Investors
• Neutral Sentiment: ExxonMobil is reportedly among potential bidders for Shell’s U.S. chemicals assets, a transaction that could expand its chemicals footprint but would also require significant capital and carry integration risk. Potential Bidders Are Looking at Shell’s Chemical Assets
• Neutral Sentiment: ExxonMobil is scheduled to speak at Barclays’ energy conference, giving investors an opportunity to receive updates on strategy, commodity markets and capital allocation. ExxonMobil to Speak at Barclays 40th Annual Energy-Power Conference
• Negative Sentiment: Crude oil has fallen for several sessions as optimism surrounding the Strait of Hormuz eases the geopolitical supply premium, creating pressure on energy shares and raising concerns about near-term commodity-price momentum. Exxon Slips Below $159 as Hormuz Hope Hits Crude Again
• Negative Sentiment: July PCE inflation exceeded economists’ expectations, potentially keeping interest rates higher for longer and weighing on economically sensitive energy demand and equity valuations. These Three Stocks Are Must-Owns After the PCE Data

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.

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