Exxon Mobil Co. (NYSE:XOM - Get Rating) - Stock analysts at Jefferies Financial Group lifted their Q3 2022 EPS estimates for shares of Exxon Mobil in a report issued on Thursday, August 4th. Jefferies Financial Group analyst G. Romeo now expects that the oil and gas company will post earnings of $3.47 per share for the quarter, up from their prior estimate of $3.30. The consensus estimate for Exxon Mobil's current full-year earnings is $12.43 per share. Jefferies Financial Group also issued estimates for Exxon Mobil's Q4 2022 earnings at $3.17 EPS, FY2022 earnings at $12.85 EPS, FY2023 earnings at $11.80 EPS and FY2024 earnings at $8.33 EPS.
A number of other research firms have also commented on XOM. HSBC upped their price target on shares of Exxon Mobil from $92.50 to $97.50 and gave the company a "hold" rating in a report on Wednesday, July 20th. StockNews.com downgraded shares of Exxon Mobil from a "buy" rating to a "hold" rating in a research report on Monday, May 2nd. Royal Bank of Canada raised shares of Exxon Mobil from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $90.00 to $100.00 in a research report on Thursday, April 21st. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $107.00 to $106.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 19th. Finally, Bank of America boosted their price objective on shares of Exxon Mobil from $120.00 to $123.00 and gave the company a "buy" rating in a research report on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $96.40.
Exxon Mobil Trading Up 1.4 %
NYSE:XOM opened at $88.45 on Monday. The company has a fifty day moving average of $90.93 and a 200 day moving average of $86.09. Exxon Mobil has a 52 week low of $52.10 and a 52 week high of $105.57. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $372.60 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.30 and a beta of 1.09.
Exxon Mobil (NYSE:XOM - Get Rating) last posted its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, beating analysts' consensus estimates of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. During the same period in the prior year, the business posted $1.10 EPS. The firm's revenue was up 70.8% compared to the same quarter last year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Thursday, August 11th. Exxon Mobil's dividend payout ratio is currently 38.51%.
Insider Buying and Selling at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the transaction, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the transaction, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total transaction of $241,625.00. Following the completion of the transaction, the vice president now owns 32,510 shares in the company, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,147 shares of company stock worth $698,858. Company insiders own 0.04% of the company's stock.
Institutional Investors Weigh In On Exxon Mobil
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marcum Wealth LLC grew its holdings in Exxon Mobil by 19.1% during the 1st quarter. Marcum Wealth LLC now owns 29,415 shares of the oil and gas company's stock valued at $2,429,000 after buying an additional 4,711 shares in the last quarter. Minot Wealth Management LLC grew its holdings in shares of Exxon Mobil by 15.5% in the first quarter. Minot Wealth Management LLC now owns 40,896 shares of the oil and gas company's stock valued at $3,378,000 after purchasing an additional 5,477 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Exxon Mobil by 13.3% in the first quarter. Revolve Wealth Partners LLC now owns 5,652 shares of the oil and gas company's stock valued at $467,000 after purchasing an additional 664 shares in the last quarter. Home Federal Bank of Tennessee grew its holdings in shares of Exxon Mobil by 1.1% in the first quarter. Home Federal Bank of Tennessee now owns 14,168 shares of the oil and gas company's stock valued at $1,170,000 after purchasing an additional 150 shares in the last quarter. Finally, Leonard Rickey Investment Advisors P.L.L.C. grew its holdings in shares of Exxon Mobil by 7.1% in the first quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 7,256 shares of the oil and gas company's stock valued at $599,000 after purchasing an additional 481 shares in the last quarter. 54.07% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Company Profile
(Get Rating)Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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2022-08-08 05:19:40Z
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