Exxon Mobil Co. (NYSE:XOM – Get Rating) – Research analysts at Zacks Research increased their Q1 2023 earnings per share (EPS) estimates for shares of Exxon Mobil in a research report issued to clients and investors on Monday, April 3rd. Zacks Research analyst N. Banerjee now forecasts that the oil and gas company will post earnings of $3.17 per share for the quarter, up from their prior estimate of $2.13. The consensus estimate for Exxon Mobil's current full-year earnings is $9.84 per share. Zacks Research also issued estimates for Exxon Mobil's Q3 2023 earnings at $1.88 EPS, Q4 2023 earnings at $2.38 EPS, FY2023 earnings at $9.59 EPS, Q1 2024 earnings at $2.94 EPS, Q3 2024 earnings at $2.03 EPS, Q1 2025 earnings at $1.50 EPS and FY2025 earnings at $7.30 EPS.
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Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.08. The business had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $2.05 EPS.
Several other equities analysts have also recently issued reports on the stock. Bank of America raised their price target on shares of Exxon Mobil from $136.00 to $140.00 and gave the company a "buy" rating in a research note on Wednesday, February 1st. Piper Sandler cut their target price on Exxon Mobil from $131.00 to $127.00 and set an "overweight" rating on the stock in a report on Monday, December 19th. Barclays lifted their target price on Exxon Mobil from $111.00 to $129.00 and gave the stock an "overweight" rating in a report on Tuesday, January 3rd. Cowen lifted their target price on Exxon Mobil from $108.00 to $113.00 and gave the stock a "market perform" rating in a report on Thursday, February 2nd. Finally, B. Riley boosted their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a "buy" rating in a research report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $121.64.
Exxon Mobil Stock Performance
NYSE:XOM opened at $115.05 on Thursday. The stock's 50-day simple moving average is $110.74 and its 200 day simple moving average is $107.75. The firm has a market capitalization of $468.37 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 0.51 and a beta of 1.08. Exxon Mobil has a twelve month low of $79.29 and a twelve month high of $119.63. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Dark Forest Capital Management LP bought a new stake in shares of Exxon Mobil during the fourth quarter valued at about $27,000. Karp Capital Management Corp bought a new position in shares of Exxon Mobil in the third quarter worth approximately $28,000. Corrado Advisors LLC bought a new position in Exxon Mobil in the fourth quarter valued at $28,000. Clear Perspectives Financial Planning LLC grew its position in Exxon Mobil by 259.0% during the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company's stock valued at $33,000 after acquiring an additional 272 shares during the last quarter. Finally, Koesten Hirschmann & Crabtree INC. bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $36,000. Institutional investors own 57.49% of the company's stock.
Insider Activity
In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the transaction, the vice president now directly owns 31,772 shares in the company, valued at approximately $3,669,666. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.04% of the company's stock.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were paid a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.16%. Exxon Mobil's payout ratio is 27.45%.
About Exxon Mobil
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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
See Also
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