Zacks Research Forecasts Reduced Earnings for Exxon Mobil

Key Points

• Zacks Research has lowered its forecast for Exxon Mobil's FY2027 earnings per share from $10.50 to $10.37, while the current full-year earnings consensus estimate stands at $7.43 per share.
• The company reported a quarterly EPS of $0.65, with a net margin of 9.17% and revenue of $57.55 billion.
• Exxon Mobil shares have received mixed ratings, with analysts giving an average rating of "Moderate Buy" and a consensus price target of $126.05.

Exxon Mobil Corporation (NYSE:XOM - Free Report) - Equities research analysts at Zacks Research lowered their FY2027 EPS estimates for shares of Exxon Mobil in a research report issued to clients and investors on Tuesday, October 14th. Zacks Research analyst Team now expects that the oil and gas company will post earnings of $10.37 per share for the year, down from their prior estimate of $10.50. The consensus estimate for Exxon Mobil's current full-year earnings is $7.43 per share.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion during the quarter.

A number of other research firms have also weighed in on XOM. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Exxon Mobil in a report on Wednesday, October 8th. UBS Group lifted their price objective on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a "buy" rating in a report on Monday. Piper Sandler set a $141.00 price objective on shares of Exxon Mobil in a report on Tuesday, October 7th. Finally, Morgan Stanley lifted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $126.05.

Exxon Mobil Stock Down 0.5%

Exxon Mobil stock opened at $111.76 on Thursday. Exxon Mobil has a 1-year low of $97.80 and a 1-year high of $123.21. The firm has a market capitalization of $476.46 billion, a price-to-earnings ratio of 15.87, a P/E/G ratio of 2.03 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a 50 day simple moving average of $111.63 and a 200 day simple moving average of $109.36.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds have recently modified their holdings of the company. Journey Strategic Wealth LLC increased its position in shares of Exxon Mobil by 6.7% during the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock valued at $2,608,000 after buying an additional 1,379 shares during the period. Jones Financial Companies Lllp increased its position in shares of Exxon Mobil by 52.3% during the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock valued at $45,149,000 after buying an additional 131,600 shares during the period. Hartford Funds Management Co LLC increased its position in shares of Exxon Mobil by 51.8% during the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock valued at $912,000 after buying an additional 2,617 shares during the period. Phoenix Financial Ltd. increased its position in shares of Exxon Mobil by 23.9% during the first quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock valued at $11,561,000 after buying an additional 18,752 shares during the period. Finally, SteelPeak Wealth LLC increased its position in shares of Exxon Mobil by 24.2% during the first quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company's stock valued at $4,605,000 after buying an additional 7,543 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company's stock.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil's payout ratio is currently 56.25%.

About Exxon Mobil

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.

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