Q3 2024 EPS Estimates for Exxon Mobil Co. (NYSE:XOM) Reduced by Zacks Research

Exxon Mobil Co. (NYSE:XOM) – Research analysts at Zacks Research lowered their Q3 2024 EPS estimates for Exxon Mobil in a report released on Thursday, September 19th. Zacks Research analyst R. Department now expects that the oil and gas company will earn $1.95 per share for the quarter, down from their prior 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.

Several other equities analysts have also issued reports on XOM. Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Morgan Stanley reduced their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Sanford C. Bernstein dropped their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Finally, Mizuho raised their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.76.

Exxon Mobil Trading Down 0.6 %

Shares of NYSE XOM opened at $115.27 on Monday. Exxon Mobil has a twelve month low of $95.77 and a twelve month high of $123.75. The firm has a market cap of $454.51 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. The business has a fifty day simple moving average of $115.88 and a two-hundred day simple moving average of $115.46. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $1.94 EPS.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is presently 46.57%.

Institutional Trading of Exxon Mobil

A number of institutional investors have recently made changes to their positions in XOM. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Exxon Mobil by 9,314.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 790,781 shares of the oil and gas company’s stock valued at $91,035,000 after buying an additional 782,381 shares in the last quarter. Verity & Verity LLC increased its position in Exxon Mobil by 0.4% during the second quarter. Verity & Verity LLC now owns 138,894 shares of the oil and gas company’s stock worth $15,989,000 after purchasing an additional 487 shares during the last quarter. Newbridge Financial Services Group Inc. raised its stake in Exxon Mobil by 6.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 18,557 shares of the oil and gas company’s stock worth $2,136,000 after purchasing an additional 1,134 shares during the period. Cannon Financial Strategists Inc. acquired a new position in Exxon Mobil in the 2nd quarter valued at about $618,000. Finally, Brightwater Advisory LLC purchased a new stake in shares of Exxon Mobil in the 2nd quarter valued at approximately $648,000. 61.80% of the stock is owned by institutional investors and hedge funds.

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.