Scotiabank Brokers Lift Earnings Estimates for Exxon Mobil

Exxon Mobil Corporation (NYSE:XOM) – Scotiabank increased their FY2025 earnings per share estimates for Exxon Mobil in a report released on Tuesday, July 15th. Scotiabank analyst P. Cheng now forecasts that the oil and gas company will post earnings of $6.25 per share for the year, up from their prior forecast of $6.15. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Exxon Mobil’s current full-year earnings is $7.43 per share. Scotiabank also issued estimates for Exxon Mobil’s FY2025 earnings at $6.25 EPS.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. Exxon Mobil’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $2.06 earnings per share.

A number of other research analysts have also commented on XOM. TD Cowen upped their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler upped their price target on Exxon Mobil from $131.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Mizuho reduced their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Exxon Mobil in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $125.42.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $107.87 on Friday. The business has a fifty day simple moving average of $108.66 and a 200 day simple moving average of $108.96. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $464.88 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 2.08 and a beta of 0.50. Exxon Mobil has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Hedge Funds Weigh In On Exxon Mobil

Several hedge funds have recently added to or reduced their stakes in XOM. Norges Bank acquired a new position in Exxon Mobil in the fourth quarter valued at about $6,936,737,000. Nuveen LLC acquired a new position in shares of Exxon Mobil in the 1st quarter valued at approximately $2,730,414,000. GQG Partners LLC grew its position in shares of Exxon Mobil by 15,135.7% in the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock valued at $1,197,753,000 after purchasing an additional 10,004,975 shares during the period. GAMMA Investing LLC boosted its position in Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock worth $1,124,787,000 after acquiring an additional 9,391,614 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new position in Exxon Mobil during the 2nd quarter worth approximately $607,621,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

About Exxon Mobil

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.