ExxonMobil FY2027 EPS Estimate Increased by Erste Group Bank

ExxonMobil Corporation (NYSE:XOM) – Stock analysts at Erste Group Bank raised their FY2027 earnings estimates for shares of ExxonMobil in a research report issued to clients and investors on Wednesday, July 15th. Erste Group Bank analyst H. Engel now forecasts that the oil and gas company will post earnings of $10.80 per share for the year, up from their prior estimate of $10.49. The consensus estimate for ExxonMobil’s current full-year earnings is $11.43 per share.

Other equities research analysts also recently issued reports about the company. Zacks Research downgraded ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. BNP Paribas Exane set a $165.00 price target on shares of ExxonMobil and gave the stock a “neutral” rating in a research note on Friday, April 17th. Morgan Stanley cut their price objective on ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $180.00 price target on shares of ExxonMobil in a research note on Tuesday, May 5th. Finally, Mizuho decreased their price objective on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.45.

ExxonMobil Price Performance

NYSE:XOM opened at $145.79 on Friday. The business’s 50-day simple moving average is $145.72 and its two-hundred day simple moving average is $146.30. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. ExxonMobil has a 52 week low of $105.53 and a 52 week high of $176.41. The stock has a market cap of $604.31 billion, a PE ratio of 24.59, a P/E/G ratio of 0.59 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The business had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.76 earnings per share.

Hedge Funds Weigh In On ExxonMobil

Several hedge funds and other institutional investors have recently made changes to their positions in XOM. Capital Investment Advisors LLC lifted its stake in ExxonMobil by 6.6% in the 4th quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock worth $27,857,000 after purchasing an additional 14,233 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of ExxonMobil by 2.3% in the 4th quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock valued at $126,166,000 after purchasing an additional 23,668 shares during the last quarter. Clear Trail Advisors LLC acquired a new position in ExxonMobil in the fourth quarter valued at about $28,728,000. CIBC Bancorp USA Inc. purchased a new position in shares of ExxonMobil during the 3rd quarter worth approximately $67,907,000. Finally, King Luther Capital Management Corp boosted its position in shares of ExxonMobil by 2.4% during the fourth quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company’s stock worth $200,366,000 after buying an additional 38,492 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

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.