Zacks Research Analysts Reduce Earnings Estimates for Exxon Mobil Co. (NYSE:XOM)

Exxon Mobil Co. (NYSE:XOM) – Analysts at Zacks Research dropped their Q3 2024 earnings estimates for Exxon Mobil in a report issued on Thursday, September 19th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings of $1.95 per share for the quarter, down from their previous forecast of $2.13. The consensus estimate for Exxon Mobil’s current full-year earnings is $8.36 per share. Zacks Research also issued estimates for Exxon Mobil’s Q4 2024 earnings at $1.77 EPS, FY2024 earnings at $7.91 EPS, Q1 2025 earnings at $1.94 EPS, Q2 2025 earnings at $2.13 EPS, Q3 2025 earnings at $2.12 EPS, Q4 2025 earnings at $2.42 EPS, FY2025 earnings at $8.61 EPS, Q1 2026 earnings at $2.26 EPS and FY2026 earnings at $9.41 EPS.

A number of other equities research analysts have also recently commented on the company. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. Barclays decreased their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Sanford C. Bernstein dropped their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Finally, Wolfe Research began coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $135.82.

Exxon Mobil Trading Down 0.2 %

NYSE:XOM opened at $117.07 on Monday. Exxon Mobil has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $461.61 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 4.38 and a beta of 0.90. The firm has a fifty day simple moving average of $115.94 and a two-hundred day simple moving average of $115.59.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter last year, the firm posted $1.94 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. raised its stake in shares of Exxon Mobil by 9.2% during the 2nd quarter. Centaurus Financial Inc. now owns 37,397 shares of the oil and gas company’s stock worth $4,305,000 after purchasing an additional 3,145 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in Exxon Mobil by 9,314.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 790,781 shares of the oil and gas company’s stock worth $91,035,000 after acquiring an additional 782,381 shares during the period. Verity & Verity LLC boosted its stake in Exxon Mobil by 0.4% in the second quarter. Verity & Verity LLC now owns 138,894 shares of the oil and gas company’s stock valued at $15,989,000 after acquiring an additional 487 shares during the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of Exxon Mobil by 6.5% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 18,557 shares of the oil and gas company’s stock valued at $2,136,000 after acquiring an additional 1,134 shares during the period. Finally, Cannon Financial Strategists Inc. purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $618,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.25%. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Exxon Mobil Company Profile

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.