ExxonMobil FY2027 EPS Forecast Lowered by Erste Group Bank

ExxonMobil Corporation (NYSE:XOM) – Erste Group Bank reduced their FY2027 earnings per share estimates for ExxonMobil in a research note issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now expects that the oil and gas company will post earnings of $10.91 per share for the year, down from their prior forecast of $10.97. The consensus estimate for ExxonMobil’s current full-year earnings is $11.86 per share.

ExxonMobil (NYSE:XOM) last issued 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 analyst estimates of $109.94 billion. During the same quarter last year, the company posted $1.64 EPS.

Several other research analysts have also recently issued reports on the stock. DZ Bank cut shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 target price for the company. in a report on Tuesday, August 4th. Weiss Ratings raised ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Mizuho reduced their price objective on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Barclays decreased their price objective on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Finally, Zacks Research downgraded ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $166.10.

ExxonMobil Stock Up 2.2%

XOM stock opened at $164.55 on Monday. The firm’s fifty day simple moving average is $151.47 and its 200-day simple moving average is $152.01. The company has a market capitalization of $682.05 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 0.99 and a beta of 0.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. ExxonMobil has a 12 month low of $108.35 and a 12 month high of $176.41.

ExxonMobil Dividend Announcement

The company 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 dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, August 17th. ExxonMobil’s dividend payout ratio (DPR) is currently 53.02%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. California State Teachers Retirement System raised its holdings in ExxonMobil by 14,136.6% in the 2nd quarter. California State Teachers Retirement System now owns 696,207,635 shares of the oil and gas company’s stock worth $95,185,508,000 after purchasing an additional 691,317,352 shares during the period. Bank of America Corp DE grew its holdings in ExxonMobil by 2.0% in the fourth quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company’s stock valued at $9,043,836,000 after purchasing an additional 1,457,560 shares during the period. Norges Bank purchased a new stake in shares of ExxonMobil in the fourth quarter valued at approximately $7,625,063,000. Bank of New York Mellon Corp raised its stake in shares of ExxonMobil by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock worth $5,608,488,000 after buying an additional 531,362 shares during the period. Finally, Northern Trust Corp raised its stake in shares of ExxonMobil by 1.0% during the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock worth $4,963,934,000 after buying an additional 445,283 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Potential return to Venezuela: President Donald Trump said ExxonMobil is among the companies preparing to enter Venezuela, potentially giving XOM access to large oil reserves and a long-term production opportunity after its exit from the country in 2007. The company reportedly sent a technical team to evaluate opportunities earlier this year. Trump says Exxon is going in Venezuela
• Positive Sentiment: Higher oil prices are supporting the sector: Renewed conflict involving Iran and ongoing shipping constraints around the Strait of Hormuz pushed crude prices higher, improving the near-term earnings outlook for integrated producers such as ExxonMobil. Energy stocks and related ETFs advanced alongside the commodity rally. Oil prices rise amid Iran conflict
• Positive Sentiment: Possible chemicals expansion: ExxonMobil is reportedly among bidders for Shell’s U.S. chemicals assets, potentially for about $8 billion. Acquiring the plants could deepen XOM’s chemicals presence, although the purchase price and returns remain uncertain. ExxonMobil bid for Shell chemicals assets

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.