Exxon Mobil Co. (NYSE:XOM - Get Rating) - Research analysts at Jefferies Financial Group issued their Q3 2022 earnings estimates for Exxon Mobil in a research report issued to clients and investors on Tuesday, October 18th. Jefferies Financial Group analyst L. Byrne anticipates that the oil and gas company will earn $4.41 per share for the quarter. Jefferies Financial Group currently has a "Buy" rating and a $133.00 target price on the stock. The consensus estimate for Exxon Mobil's current full-year earnings is $13.14 per share. Jefferies Financial Group also issued estimates for Exxon Mobil's Q4 2022 earnings at $3.14 EPS, FY2023 earnings at $10.36 EPS and FY2024 earnings at $9.45 EPS.
Exxon Mobil (NYSE:XOM - Get Rating) last released its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.80 by $0.34. The business had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company's quarterly revenue was up 70.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 earnings per share.
A number of other equities analysts have also issued reports on XOM. Truist Financial decreased their target price on shares of Exxon Mobil from $86.00 to $83.00 and set a "hold" rating for the company in a research report on Tuesday, July 19th. Wells Fargo & Company decreased their target price on shares of Exxon Mobil from $116.00 to $109.00 and set an "overweight" rating for the company in a research report on Friday, October 7th. JPMorgan Chase & Co. increased their target price on shares of Exxon Mobil from $102.00 to $103.00 and gave the company an "overweight" rating in a research report on Tuesday. Piper Sandler cut their price target on shares of Exxon Mobil from $109.00 to $108.00 and set an "overweight" rating for the company in a report on Monday, September 12th. Finally, StockNews.com assumed coverage on shares of Exxon Mobil in a report on Wednesday, October 12th. They issued a "hold" rating for the company. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $105.03.
Exxon Mobil Stock Performance
Shares of XOM opened at $103.93 on Friday. The firm has a 50-day moving average price of $95.29 and a 200 day moving average price of $91.68. The firm has a market capitalization of $433.14 billion, a PE ratio of 11.37, a P/E/G ratio of 0.31 and a beta of 1.06. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. Exxon Mobil has a 52-week low of $57.96 and a 52-week high of $105.57.
Hedge Funds Weigh In On Exxon Mobil
A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Exxon Mobil by 2.5% in the first quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company's stock worth $30,098,496,000 after buying an additional 8,825,023 shares during the last quarter. FMR LLC increased its holdings in Exxon Mobil by 14.9% in the second quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company's stock worth $11,573,746,000 after buying an additional 17,521,080 shares during the last quarter. GQG Partners LLC increased its holdings in Exxon Mobil by 59.9% in the first quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company's stock worth $4,277,527,000 after buying an additional 19,403,556 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Exxon Mobil by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company's stock worth $2,575,190,000 after buying an additional 560,517 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Exxon Mobil by 14.3% during the second quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company's stock valued at $2,144,479,000 after purchasing an additional 3,131,617 shares during the last quarter. Institutional investors and hedge funds own 56.84% of the company's stock.
Insider Transactions at Exxon Mobil
In related news, Director Jeffrey W. Ubben purchased 960,000 shares of Exxon Mobil stock in a transaction dated Thursday, August 4th. The stock was acquired at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the transaction, the director now directly owns 1,137,000 shares of the company's stock, valued at $100,635,870. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jeffrey W. Ubben purchased 960,000 shares of Exxon Mobil stock in a transaction dated Thursday, August 4th. The stock was acquired at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the transaction, the director now directly owns 1,137,000 shares of the company's stock, valued at $100,635,870. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the sale, the vice president now directly owns 27,863 shares of the company's stock, valued at $2,635,839.80. The disclosure for this sale can be found here. 0.04% of the stock is owned by insiders.
Exxon Mobil Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date was Thursday, August 11th. Exxon Mobil's dividend payout ratio (DPR) is 38.51%.
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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