Erste Group Bank Decreases Earnings Estimates for ExxonMobil

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

Other equities research analysts also recently issued reports about the stock. TD Cowen lifted their price target on shares of ExxonMobil from $155.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, August 7th. UBS Group set a $168.00 price target on ExxonMobil in a research report on Friday, August 7th. Freedom Capital upgraded ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. DZ Bank cut ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price objective for the company. in a report on Tuesday, August 4th. Finally, Zacks Research downgraded ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $166.10.

ExxonMobil Stock Performance

Shares of NYSE:XOM opened at $160.93 on Monday. ExxonMobil has a 12-month low of $108.35 and a 12-month high of $176.41. The company’s 50 day moving average price is $150.98 and its two-hundred day moving average price is $151.94. The firm has a market cap of $667.05 billion, a PE ratio of 20.71, a PEG ratio of 0.62 and a beta of 0.17. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). The business had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same period in the prior year, the business posted $1.64 earnings per share.

ExxonMobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio (DPR) is 53.02%.

Hedge Funds Weigh In On ExxonMobil

Institutional investors and hedge funds have recently bought and sold shares of the company. HORAN Wealth LLC increased its stake in shares of ExxonMobil by 0.6% in the second quarter. HORAN Wealth LLC now owns 13,665 shares of the oil and gas company’s stock valued at $1,868,000 after buying an additional 80 shares during the period. Kirkwood Financial Services bought a new position in ExxonMobil in the 2nd quarter valued at approximately $240,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in ExxonMobil during the 2nd quarter worth approximately $164,161,000. California State Teachers Retirement System boosted its position in ExxonMobil by 14,136.6% during 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 buying an additional 691,317,352 shares during the period. Finally, Tanager Wealth Management LLP grew its holdings in ExxonMobil by 15.0% during the 2nd quarter. Tanager Wealth Management LLP now owns 8,164 shares of the oil and gas company’s stock worth $1,116,000 after acquiring an additional 1,066 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices supported the stock. Renewed U.S.-Iran military strikes and continued shipping constraints in the Strait of Hormuz pushed WTI crude toward $86 and Brent above $90, improving the earnings outlook for major oil producers such as ExxonMobil. Chevron and Exxon Mobil Rise as U.S. Strikes on Iran Push Oil Prices Higher
• Positive Sentiment: Venezuela could become a new growth avenue. President Donald Trump said ExxonMobil is among the companies preparing to enter Venezuela’s oil sector. A potential return after Exxon exited following Venezuela’s 2007 nationalization could provide access to substantial reserves and long-term production opportunities, although the company has not confirmed a final investment. Trump Says Exxon Is Going Into Venezuela
• Positive Sentiment: Production momentum remains a bright spot. ExxonMobil’s second-quarter results included record production and approximately $116 billion in revenue, exceeding revenue expectations. Year-over-year EPS growth also highlighted the benefit of stronger operations and commodity prices. What XOM’s Q2 Earnings Say About Production Growth and Market Risk
• Neutral Sentiment: Exxon is reportedly bidding for Shell’s U.S. chemicals assets. A transaction potentially valued near $8 billion could expand ExxonMobil’s chemicals footprint, but the purchase price, financing and integration risks could affect shareholder returns. ExxonMobil’s Bid for Shell’s U.S. Chemicals Assets
• Negative Sentiment: Storm preparations create near-term operating risk. ExxonMobil and Motiva are preparing East Texas refineries for high winds and possible flooding from a tropical storm, raising the possibility of temporary disruptions or additional costs. Motiva and Exxon Prepare Refineries for Storm
• Negative Sentiment: Erste Group Bank lowered its fiscal 2027 EPS forecast, while analysts continue to flag ExxonMobil’s commodity-price cyclicality and cost pressures. The latest quarter also narrowly missed consensus EPS estimates despite beating on revenue.

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.