Exxon Mobil Co. (NYSE:XOM - Free Report) - Analysts at Zacks Research cut their Q4 2024 EPS estimates for shares of Exxon Mobil in a research report issued on Thursday, October 3rd. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings per share of $1.76 for the quarter, down from their previous forecast of $1.77. The consensus estimate for Exxon Mobil's current full-year earnings is $8.06 per share. Zacks Research also issued estimates for Exxon Mobil's Q1 2025 earnings at $1.93 EPS, Q2 2025 earnings at $2.12 EPS, Q4 2025 earnings at $2.41 EPS, FY2025 earnings at $8.59 EPS, Q1 2026 earnings at $2.25 EPS and Q2 2026 earnings at $2.49 EPS.
A number of other analysts have also weighed in on the stock. UBS Group lowered their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a "buy" rating for the company in a research note on Wednesday, September 18th. BMO Capital Markets increased their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a research note on Friday. Mizuho lifted their price objective 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. Morgan Stanley lowered their target price on Exxon Mobil from $145.00 to $142.00 and set an "overweight" rating for the company in a report on Monday, September 16th. Finally, Redburn Atlantic reiterated a "neutral" rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Eight 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $134.18.
Get Our Latest Research Report on XOM
Exxon Mobil Stock Up 0.4 %
Shares of XOM stock traded up $0.53 during mid-day trading on Monday, hitting $125.36. The stock had a trading volume of 15,703,515 shares, compared to its average volume of 16,854,014. Exxon Mobil has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The firm's 50-day moving average is $116.31 and its two-hundred day moving average is $116.02. The firm has a market capitalization of $494.30 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 4.86 and a beta of 0.89.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company's revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.94 earnings per share.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil's payout ratio is 46.57%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of XOM. Ossiam acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $1,579,000. Intrepid Capital Management Inc. lifted its holdings in Exxon Mobil by 2.1% in the fourth quarter. Intrepid Capital Management Inc. now owns 7,971 shares of the oil and gas company's stock valued at $797,000 after acquiring an additional 163 shares during the period. Elo Mutual Pension Insurance Co boosted its position in Exxon Mobil by 3.4% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 349,760 shares of the oil and gas company's stock worth $34,969,000 after purchasing an additional 11,429 shares in the last quarter. XML Financial LLC grew its stake in shares of Exxon Mobil by 12.7% during the 4th quarter. XML Financial LLC now owns 47,477 shares of the oil and gas company's stock worth $4,747,000 after purchasing an additional 5,359 shares during the period. Finally, Sprott Inc. increased its holdings in shares of Exxon Mobil by 2.4% during the 4th quarter. Sprott Inc. now owns 136,697 shares of the oil and gas company's stock valued at $13,667,000 after purchasing an additional 3,216 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.
About Exxon Mobil
(
Get Free Report)
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.
Read More
Before you consider Exxon Mobil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exxon Mobil wasn't on the list.
While Exxon Mobil currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
