Scotiabank Brokers Boost Earnings Estimates for Exxon Mobil

Exxon Mobil Corporation (NYSE:XOM) – Scotiabank boosted their FY2026 earnings per share (EPS) estimates for Exxon Mobil in a report issued on Wednesday, February 11th. Scotiabank analyst P. Cheng now forecasts that the oil and gas company will post earnings of $5.00 per share for the year, up from their prior estimate of $4.80. 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 FY2027 earnings at $7.25 EPS.

Other equities analysts have also recently issued reports about the stock. Barclays upped their target price on shares of Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. UBS Group reaffirmed a “buy” rating and set a $171.00 price objective on shares of Exxon Mobil in a research report on Monday, February 2nd. Piper Sandler decreased their target price on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Jefferies Financial Group upped their price target on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Finally, TD Cowen raised their price objective on Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Hold” and an average price target of $140.59.

Exxon Mobil Stock Down 1.0%

XOM opened at $148.47 on Monday. The business has a 50 day moving average of $129.26 and a 200-day moving average of $118.82. The stock has a market capitalization of $626.12 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 15.40 and a beta of 0.39. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. Exxon Mobil has a 1-year low of $97.80 and a 1-year high of $156.93.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. The firm had revenue of $82.31 billion for the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 EPS.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Exxon Mobil by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock worth $46,468,147,000 after acquiring an additional 1,111,231 shares during the last quarter. Geode Capital Management LLC boosted its stake in Exxon Mobil by 0.4% in the second quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock worth $10,345,132,000 after purchasing an additional 342,967 shares in the last quarter. Norges Bank bought a new stake in shares of Exxon Mobil during the fourth quarter worth $7,625,063,000. Bank of New York Mellon Corp increased its stake in shares of Exxon Mobil by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock valued at $5,608,488,000 after buying an additional 531,362 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Exxon Mobil by 1.0% in the third quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock valued at $4,963,934,000 after buying an additional 445,283 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of Exxon Mobil stock in a transaction on Monday, February 9th. The stock was sold at an average price of $149.18, for a total transaction of $481,851.40. Following the completion of the transaction, the vice president directly owned 20,354 shares of the company’s stock, valued at approximately $3,036,409.72. This trade represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 14,230 shares of company stock valued at $1,888,421 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.8%. Exxon Mobil’s payout ratio is currently 61.58%.

Exxon Mobil Company Profile

Exxon Mobil 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.