Exxon Mobil Co. (NYSE:XOM - Get Rating) - Equities researchers at Jefferies Financial Group increased their FY2023 earnings estimates for shares of Exxon Mobil in a research note issued on Monday, December 12th. Jefferies Financial Group analyst L. Byrne now anticipates that the oil and gas company will earn $10.87 per share for the year, up from their prior forecast of $10.74. Jefferies Financial Group has a "Buy" rating and a $133.00 price objective on the stock. The consensus estimate for Exxon Mobil's current full-year earnings is $13.87 per share. Jefferies Financial Group also issued estimates for Exxon Mobil's FY2024 earnings at $9.98 EPS.
Exxon Mobil (NYSE:XOM - Get Rating) last issued its earnings results on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, topping analysts' consensus estimates of $3.88 by $0.57. The business had revenue of $112.07 billion for the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The company's revenue for the quarter was up 51.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.58 EPS.
A number of other equities analysts also recently issued reports on XOM. StockNews.com began coverage on shares of Exxon Mobil in a research note on Wednesday, October 12th. They set a "hold" rating on the stock. HSBC increased their price objective on shares of Exxon Mobil to $111.00 in a research note on Friday, December 2nd. Cowen increased their price objective on shares of Exxon Mobil to $108.00 in a research note on Friday, November 4th. Credit Suisse Group increased their price objective on shares of Exxon Mobil to $130.00 in a research note on Tuesday, November 1st. Finally, Wells Fargo & Company dropped their price objective on shares of Exxon Mobil from $116.00 to $109.00 and set an "overweight" rating on the stock in a research note on Friday, October 7th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $110.86.
Exxon Mobil Price Performance
NYSE XOM opened at $107.25 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.34. The firm's 50 day moving average price is $107.75 and its 200-day moving average price is $97.57. Exxon Mobil has a 52-week low of $57.96 and a 52-week high of $114.66. The company has a market cap of $441.69 billion, a PE ratio of 8.76, a P/E/G ratio of 0.30 and a beta of 1.13.
Exxon Mobil Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th were paid a $0.91 dividend. The ex-dividend date of this dividend was Monday, November 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.39%. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.88. Exxon Mobil's dividend payout ratio is presently 29.71%.
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Friday, December 9th. The shares were sold at an average price of $105.00, for a total value of $262,500.00. Following the sale, the vice president now owns 34,272 shares in the company, valued at $3,598,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.04% of the company's stock.
Institutional Trading of Exxon Mobil
A number of hedge funds and other institutional investors have recently made changes to their positions in XOM. Vanguard Group Inc. grew its position in Exxon Mobil by 2.5% during the first quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company's stock valued at $30,098,496,000 after buying an additional 8,825,023 shares during the period. FMR LLC grew its position in shares of 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 valued at $11,573,746,000 after purchasing an additional 17,521,080 shares during the period. GQG Partners LLC grew its position in shares of 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 valued at $4,277,527,000 after purchasing an additional 19,403,556 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Exxon Mobil by 94.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company's stock valued at $3,463,672,000 after purchasing an additional 19,230,872 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of 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 valued at $2,575,190,000 after purchasing an additional 560,517 shares during the period. Institutional investors and hedge funds own 56.84% of the company's stock.
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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