ExxonMobil Corporation (NYSE:XOM – Free Report) – Research analysts at Erste Group Bank raised their FY2026 earnings per share (EPS) estimates for shares of ExxonMobil in a report released on Monday, July 27th. Erste Group Bank analyst H. Engel now forecasts that the oil and gas company will post earnings per share of $11.04 for the year, up from their prior estimate of $11.00. The consensus estimate for ExxonMobil’s current full-year earnings is $11.55 per share. Erste Group Bank also issued estimates for ExxonMobil’s FY2027 earnings at $11.00 EPS.
A number of other equities research analysts have also recently commented on the stock. Citigroup reissued a “neutral” rating on shares of ExxonMobil in a research report on Wednesday, July 8th. Weiss Ratings downgraded ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Wells Fargo & Company increased their price objective on ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. UBS Group boosted their target price on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Morgan Stanley decreased their price target on ExxonMobil from $171.00 to $168.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $163.45.
ExxonMobil Stock Up 2.5%
NYSE:XOM opened at $156.80 on Thursday. The company’s 50-day simple moving average is $145.61 and its 200-day simple moving average is $148.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. ExxonMobil has a fifty-two week low of $105.53 and a fifty-two week high of $176.41. The stock has a market capitalization of $649.93 billion, a P/E ratio of 26.44, a P/E/G ratio of 0.62 and a beta of 0.17.
ExxonMobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The company had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 earnings per share.
Hedge Funds Weigh In On ExxonMobil
Several hedge funds and other institutional investors have recently bought and sold shares of XOM. Impact Partnership Wealth LLC boosted its holdings in shares of ExxonMobil by 0.6% in the 1st quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock valued at $2,039,000 after acquiring an additional 67 shares during the last quarter. Cardinal Strategic Wealth Guidance lifted its position in ExxonMobil by 1.9% during the first quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company’s stock valued at $631,000 after purchasing an additional 68 shares during the period. Core Wealth Advisors Inc. lifted its position in ExxonMobil by 1.0% during the first quarter. Core Wealth Advisors Inc. now owns 6,805 shares of the oil and gas company’s stock valued at $1,155,000 after purchasing an additional 68 shares during the period. ICW Investment Advisors LLC boosted its holdings in ExxonMobil by 0.3% in the fourth quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock valued at $3,043,000 after purchasing an additional 69 shares during the last quarter. Finally, Swisher Financial Concepts Inc. grew its position in ExxonMobil by 0.3% during the 1st quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company’s stock worth $4,649,000 after purchasing an additional 69 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: Escalating U.S.-Iran and broader Middle East tensions pushed oil prices higher, amid concerns that disruption around the Strait of Hormuz could persist. Higher crude prices generally benefit ExxonMobil’s upstream oil and gas operations. Exxon Mobil Stock Trades Higher Wednesday: What’s Driving the Move?
- Positive Sentiment: Erste Group Bank raised its ExxonMobil EPS forecasts to $11.04 for fiscal 2026 from $11.00 and to $11.00 for fiscal 2027 from $10.80. The revisions indicate modestly improved expectations, though the 2026 estimate remains below the broader consensus of $11.55. ExxonMobil analyst earnings estimates
- Positive Sentiment: ExxonMobil agreed to a carbon-capture and storage project with Williams supporting natural-gas processing in Louisiana. The project could strengthen ExxonMobil’s lower-carbon business and provide a longer-term growth opportunity. ExxonMobil agrees to new CCS project with Williams
- Neutral Sentiment: Investors are positioning for the July 31 quarterly report. Recent previews point to higher profit and revenue expectations, while ExxonMobil’s premium valuation, strong year-to-date performance and sensitivity to commodity prices raise the risk of a “sell the news” reaction. ExxonMobil’s Q2 Earnings on Deck
- Negative Sentiment: Bank of America downgraded XOM from “Buy” to “Neutral,” citing limited upside potential despite raising its price target to $158. The call may restrain investor enthusiasm, particularly after the stock’s substantial gains this year.
About ExxonMobil
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.
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