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Exxon Mobil (XOM) Stock Rating Upgraded by Royal Bank of Canada
By: ABMN | April 19, 2022
• Exxon Mobil (NYSE:XOM – Get Rating) was upgraded by Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report released on Thursday, Marketbeat reports. The firm currently has a $100.00 price target on the oil and gas company’s stock, up from their prior price target of $90.00. Royal Bank of Canada’s price objective would indicate a potential upside of 17.47% from the company’s current price...
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$XOM Exxon Mobil Notable strength in the sector held the 21D for now
By: Options Mike | April 23, 2022
• $XOM Notable strength in the sector held the 21D for now.
For me I don't think Oil is done going up, especially once China reopens.
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Exxon Mobil may completely withdraw from Russia by June 24 – sources
By: Reuters | April 21, 2022
• Exxon Mobil is considering a complete withdrawal from Russia by June 24, two sources familiar with plans told Reuters on Thursday, following the U.S. group’s earlier decision to exit from its oil and gas operations in the country.
LONDON (Reuters) – Exxon Mobil is considering a complete withdrawal from Russia by June 24, two sources familiar with plans told Reuters on Thursday, following the U.S. group’s earlier decision to exit from its oil and gas operations in the country.
Exxon Mobil removed employees who are U.S. citizens from Russia last month after Moscow launched what it calls its special military operation in Ukraine. It hadn’t provided a timetable for the withdrawal.
The initial departures included staff from its large oil and gas production operations on Sakhalin Island in Russia’s Far East, including the Sakhalin 1 project.
Now it is looking into shutting down its other businesses in Russia, including sales of popular Mobil lubricants, by June 24, two sources familiar with the discussions told Reuters.
Exxon didn’t immediately reply to a request for comment.
Exxon last year employed more than 1,000 people across Russia, with offices in Moscow, St. Petersburg, Yekaterinburg and Yuzhno-Sakhalinst, according to its website.
Its deliberations come after dozens of other Western companies – from Apple and Boeing to BP, Shell and Equinor – that have halted business or announced plans to abandon their Russia operations.
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Exxon Mobil Stock Gains After RBC Upgrades to Outperform
By: Investing.com | April 21, 2022
Shares of Exxon Mobil (NYSE:XOM) are trading over 1% higher today after RBC analyst Biraj Borkhataria upgraded to Outperform from Sector Perform with a new price target of $100.00 per share, up from $90.00.
The analyst believes that “XOM will be one of the key beneficiaries of a tight refined oil products market.”
“In recent years, the market has focussed more on energy transition capex than core businesses, an area where XOM appeared to be ‘lagging’ peers. With the world (and energy policy) now turned on its head, we believe XOM has two key advantages relative to peers 1) it is the largest refiner among the majors; and 2) it screens well on upstream portfolio longevity, an area we expect to be under increased scrutiny in a high commodity price environment,” Borkhataria said in a client note.
Borkhataria argues that the earnings momentum will continue fueled by refining tailwinds. On the other hand, Chevron (NYSE:CVX) shares are downgraded to Sector Perform from Outperform with a $165.00 per share price target (up from $160.00).
The analyst sees a more balanced risk-reward at current levels.
“CVX has rallied more than any other major in recent months, and we believe part of this has been a ‘safety trade’ alongside strong commodity prices… While we expect commodity prices to remain strong, we think the current valuation leaves less room for positive surprise, while headwinds with Tengizrealisations could weigh on earnings relative to peers,” Borkhataria added.
Chevron stock price is down 0.4% today.
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$XOM Entries easily spotted using the new "GoNoGo" trend filter, confirmed by the simultaneous push above the 50 SMA
By: Theta Warrior | April 19, 2022
• $XOM Entries easily spotted using the new "GoNoGo" trend filter, confirmed by the simultaneous push above the 50 SMA.
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Exxon Mobil $XOM Another big oil name curling back up to it's ATH..
By: Options Mike | April 17, 2022
• $XOM Another big oil name curling back up to it's ATH..
Dips to the 8D have been buyable.
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$XOM Chart say Go Go Go! Breaking out of a 4 year base
By: TrendSpider | April 12, 2022
• $XOM Chart say Go Go Go! Breaking out of a 4 year base.
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Exxon Mobil Corporation's (NYSE:XOM) Stock Is Going Strong: Have Financials A Role To Play?
By: Simply Wall St | April 12, 2022
Exxon Mobil (NYSE:XOM) has had a great run on the share market with its stock up by a significant 18% over the last three months. Given that stock prices are usually aligned with a company's financial performance in the long-term, we decided to study its financial indicators more closely to see if they had a hand to play in the recent price move. Particularly, we will be paying attention to Exxon Mobil's ROE today.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders...
Conclusion
In total, it does look like Exxon Mobil has some positive aspects to its business. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return. Investors could have benefitted from the high ROE, had the company been reinvesting more of its earnings. As discussed earlier, the company is retaining a small portion of its profits. With that said, we studied the latest analyst forecasts and found that while the company has shrunk its earnings in the past, analysts expect its earnings to grow in the future. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals?
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Exxon Mobil (XOM) Upgraded by StockNews.com to Buy
By: MarketBeat | April 8, 2022
• Exxon Mobil (NYSE:XOM - Get Rating) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday...
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Goldman Sachs Positive on Exxon Shares After Trading Update
By: Investing.com | April 4, 2022
Exxon Mobil (NYSE:XOM) could report a record-high quarterly profit in Q1 from oil and gas prices of up to $9.3 billion, the company said on Monday.
During the quarter that ended on March 31, Exxon's operating profits from its oil and gas business could rise by $1.9-$2.7 billion over the previous quarter of $6.6 billion, according to the snapshot showing the company's Q1 earnings.
The war in Ukraine drove oil prices by as much as 25% in the previous quarter to an average of $114 per barrel, the highest mark in seven years.
Exxon does not hedge nor lock-in oil sales, which ultimately leads to its results matching energy price changes.
The snapshot of Exxon's profit indicates that other energy companies could see similar profits from oil prices, which could ultimately urge U.S. and European Union lawmakers to impose windfall taxes on oil and gas companies.
Still, the final quarterly profit results could be affected by Exxon's decision to phase out of Russia after its invasion of Ukraine. The move could result in a seizure of Exxon's $4 billion in assets and a 1-2% production and revenue blow.
Depending on the terms of its exit from Sakhalin, the company may be required to impair its investment in the project, it said in a filing.
Exxon's operating profit from its refining business could rise up by $300 million, while the company's chemicals unit could see a $300 million decline from the previous quarter.
Analysts expected Exxon to report earnings per share of $2.12 in the first quarter, according to Refinitiv, which represents a more than 200% year-over-year growth.
Goldman Sachs analyst Neil Mehta said that the update suggests EPS will likely arrive in line with the estimate. Exxon is set to report official results on April 29, according to a securities filing.
"We revise our 1Q2022 EPS estimate from $2.31 to $2.21. We remain constructive on XOM heading into the quarter and view earnings as set to inflect further in 2Q-4Q as commodity prices continue to improve. We see 26% total return to XOM on our 12-month $101 price target," Mehta said in a client note.
Exxon stock is down 0.4% today.
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Exxon signals record quarterly profit from oil and gas prices
By: Reuters | April 4, 2022
• Exxon Mobil Corp on Monday signaled first quarter production results could top a four-year quarterly record, with operating profits from pumping oil and gas approaching $10.1 billion.
HOUSTON (Reuters) -Exxon Mobil Corp on Monday said its first-quarter production results could top a seven-year quarterly record, with operating profits from pumping oil and gas of up to $9.3 billion.
A snapshot of the largest U.S. oil company’s quarter ended March 31 showed operating profits from its oil and gas unit could jump by between $1.9 billion and $2.7 billion over the prior quarter’s $6.6 billion.
Official results are expected to be released on April 29, according to a securities filing.
Exxon does not hedge, or lock in oil sales, and results generally match changes in energy prices. Russia’s invasion of Ukraine pushed up oil by 45% last quarter over the final period of 2021, to an average of $114 per barrel, the highest in seven years.
The blockbuster oil and gas profits offer a preview of what lies ahead for other firms’ oil earnings. Such results could strengthen calls by U.S. and European Union lawmakers for windfall profits taxes on energy companies.
Final results could be dampened by impairments to Exxon’s Russian operations. The company last month said it would phase out of Russia following the invasion of Ukraine. The oil company has $4 billion in assets at risk to potential seizure and faces a 1% to 2% hit to production and revenue from the move.
“Depending on the terms of its exit from Sakhalin, the company may be required to impair its investment in the project,” it said in a filing.
Operating profits in refining could be up to $300 million higher, while its chemicals business could decrease by as much as $300 million compared to the previous quarter.
First quarter per share profit was projected to be $2.12, according to the mean estimate of 18 analysts tracked by Refinitiv IBES – or year-over-year growth of more than 200% from a year ago. Analysts could review their outlook following Exxon’s estimates.
High oil and gas prices accelerated after Russia’s invasion and sanctions were imposed on its oil, coal and LNG. Global oil prices hit a 14-year high in the first quarter and have since cooled as the U.S. announced a release of emergency stocks and China began a lockdown.
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Is Most-Watched Stock Exxon Mobil Corporation (XOM) Worth Betting on Now?
By: Zacks Equity Research | April 1, 2022
Exxon Mobil is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this oil and natural gas company have returned +1.9% over the past month versus the Zacks S&P 500 composite's +3.8% change. The Zacks Oil and Gas - Integrated - International industry, to which Exxon belongs, has gained 5.5% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Exxon is expected to post earnings of $1.96 per share for the current quarter, representing a year-over-year change of +201.5%. Over the last 30 days, the Zacks Consensus Estimate has changed +12%.
The consensus earnings estimate of $7.69 for the current fiscal year indicates a year-over-year change of +42.9%. This estimate has changed +11.7% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $6.68 indicates a change of -13.2% from what Exxon is expected to report a year ago. Over the past month, the estimate has changed +10.1%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Exxon is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Exxon, the consensus sales estimate for the current quarter of $83.49 billion indicates a year-over-year change of +41.2%. For the current and next fiscal years, $332.4 billion and $313.13 billion estimates indicate +16.4% and -5.8% changes, respectively.
Last Reported Results and Surprise History
Exxon reported revenues of $84.97 billion in the last reported quarter, representing a year-over-year change of +82.6%. EPS of $2.05 for the same period compares with $0.03 a year ago.
Compared to the Zacks Consensus Estimate of $82.44 billion, the reported revenues represent a surprise of +3.06%. The EPS surprise was +4.59%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Exxon is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Exxon. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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ExxonMobil (XOM), KBR Collaborate for Advanced PDH Technology
By: Zacks Equity Research | March 29, 2022
Exxon Mobil Corporation (XOM) will team up with engineering firm KBR, Inc. (KBR) to make considerable progress in the propane dehydrogenation (“PDH”) technology used to convert propane into propylene, which is involved in many petrochemical applications.
ExxonMobil develops and applies state-of-the-art technologies to help address the world’s growing energy requirements. Once combined with KBR's K-Pro PDH technology, ExxonMobil's new proprietary catalyst technology will be able to convert propane into propylene. The companies believe that the combined technology could result in financial savings compared with the existing PDH technologies. The combined technology is expected to boast significantly reduced energy consumption.
KBR is a global engineering, construction and services firm, supporting the market segments of global energy and international government services. The collaboration with ExxonMobil is beneficial for the company’s K-Pro customers and existing K-Pro licensees, who could have the potential to increase capacity and reduce operating expenses by upgrading to the new catalyst. The combined technology offering adds to KBR's existing portfolio of innovative and sustainable solutions.
The partnership will significantly reduce the time to commercialize ExxonMobil’s next-generation catalyst for PDH. The latest collaboration puts together more than 50 years of ExxonMobil's leadership in specialty catalyst development and KBR's expertise in technology development, plant design and construction. Notably, the companies did not reveal any financial details of the agreement.
Company Profile & Price Performance
Headquartered in Irving, TX, ExxonMobil is one of the leading integrated energy companies in the world.
Shares of ExxonMobil have outperformed the industry in the past six months. The XOM stock has gained 44.3% compared with the industry’s 34.5% growth.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
ExxonMobil currently carries a Zack Rank #3 (Hold).
Investors interested in the energy sector might look at the following companies that presently flaunt a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Canadian Natural Resources Limited (CNQ) is one of the largest independent energy companies in Canada, which engages in the exploration, development and production of oil and natural gas. As of 2021-end, CNQ had 12.813 billion oil-equivalent barrels in total proved reserves.
Canadian Natural's earnings for 2022 are expected to increase 35.3% year over year. CNQ raised its dividend by 28% recently, reflecting strength in its cash flows. The company is counted as a 'Canadian Dividend Aristocrat' with an attractive yield. It has a solid track record of dividend hikes, increasing the payout for 22 consecutive years.
DCP Midstream Partners, LP (DCP) is a leading energy infrastructure firmwith a diversified portfolio of gathering, logistics, marketing and processing assets across nine states. DCP is currently valued at $7.2 billion.
DCP Midstream's earnings for 2022 are expected to surge 139% year over year. For the year ended Dec 31, 2021, DCP generated $122 million of excess free cash flow, 44% higher than the 2020 level of $85 million. This high level of excess free cash flow reflects the firm’s tremendous strength in operations.
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XOM - Exxon Mobil Also perking back up
By: Options Mike | March 27, 2022
• $XOM Also perking back up. Huge buyback on this one supporting it as well.
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Exxon Mobil (XOM) Monthly Chart. #XOM approaching major monthly resistance
By: ReciKnows | March 25, 2022
• $XOM Monthly. #XOM approaching major monthly resistance.
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$XOM Weekly breakout attempt round 2?
This time with a golden cross
By: TrendSpider | March 21, 2022
• $SPX seemingly range bound between 0.75 and 1.0 std dev. Waiting to see signs of direction. Overbought condition worked out.
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Exxon Mobil (XOM) Upgraded by StockNews.com to Buy
By: MarketBeat | March 15, 2022
• Exxon Mobil (NYSE:XOM - Get Rating) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Tuesday...
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Exxon Mobil Co. (XOM) Short Interest Down 23.3% in February
By: MarketBeat | March 15, 2022
• Exxon Mobil Co. (NYSE:XOM - Get Rating) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 37,230,000 shares, a decline of 23.3% from the February 13th total of 48,520,000 shares. Based on an average daily volume of 29,800,000 shares, the days-to-cover ratio is currently 1.2 days...
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$XOM this one struggling a bit, but held the 8D, over 86 w/ volume may push
By: Options Mike | March 12, 2022
• $XOM this one struggling a bit, but held the 8D, over 86 w/ volume may push.
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Wells Fargo & Company Boosts Exxon Mobil (XOM) Price Target to $107.00
By: MarketBeat | March 11, 2022
• Exxon Mobil (NYSE:XOM - Get Rating) had its price objective increased by equities researchers at Wells Fargo & Company from $93.00 to $107.00 in a report released on Friday, Marketbeat.com reports. The firm presently has an "overweight" rating on the oil and gas company's stock. Wells Fargo & Company's price target points to a potential upside of 25.35% from the company's previous close...
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Barclays Raises Exxon Mobil (XOM) Price Target to $98.00
By: MarketBeat | March 9, 2022
• Exxon Mobil (NYSE:XOM - Get Rating) had its price target increased by Barclays from $91.00 to $98.00 in a research report issued on Wednesday, The Fly reports. Barclays's target price indicates a potential upside of 11.64% from the company's previous close...
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Exxon Mobil $XOM 2.15 million share #darpool prints
By: Money Flow Mel | March 10, 2022
• $XOM 2.15 million share #darpool prints
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$XOM High volume gap up off the volume shelf
By: TrendSpider | March 8, 2022
• $XOM High volume gap up off the volume shelf.
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Bull of the Day: Exxon Mobil Corporation (XOM)
By: Zacks Investment Research | March 7, 2022
Exxon Mobil Corporation (XOM) is a well-rounded oil and gas titan that’s gone on an impressive run over the past year and a half after it suffered through a long slump alongside the broader energy space. XOM posted great growth in 2021 and rising oil prices, along with a focus on keeping costs low, help make Exxon worth considering even amid the crisis in Ukraine.
The Comeback Story
The initial covid shock that sent oil prices and stocks of firms such as Exxon tumbling between February and April of 2020 seems like lightyears away. Oil prices rebounded in a serious way off their covid lows to around $65 a barrel by early March of 2021. Those levels now seem tame, with oil sitting at roughly $115 a barrel, as of late afternoon trading Friday.
Exxon and others benefitted from rising oil and energy prices amid the huge rebound in demand as the U.S. and economies around the globe soared back to life. Travel, including air travel, has already mounted a serious comeback and broader energy demand is returning to pre-covid levels.
Exxon reported $23 billion in profit in 2021. This marked its highest total since 2014 and included $8.9 billion in profit in the fourth quarter. The firm also generated $48 billion of cash flow from operating activities, the highest level since 2012, “more than covering capital investments, debt reduction, and dividend.”
Image Source: Zacks Investment Research
Exxon’s FY21 revenue soared 57% to $285.6 billion, Meanwhile, XOM swung from an adjusted loss of -$0.33 per share to +$5.38 a share. “Our effective pandemic response, focused investments during the down cycle and structural cost savings positioned us to realize the full benefit of the market recovery last year,” said CEO Darren Woods said in prepared Q4 remarks.
“We've made great progress in 2021 and our forward plans position us to lead in cash flow and earnings growth, operating performance, and the energy transition.”
Current Geopolitical Concerns
To say a lot has happened in the world since Exxon reported its Q4 results and provided guidance on February 1 is an understatement. The Russian invasion of Ukraine has upended global energy markets. The situation has sent oil prices from around $92 a barrel as recently as February 25 to over $110 a barrel. Oil hasn’t been at these levels since 2014.
Russia is a major supplier of oil and gas in Europe and elsewhere and it is unclear what is on the table in terms of energy-focused sanctions because the current situation has already caused prices to surge dramatically. Exxon said it’s halting operations at a multibillion-dollar oil and gas project in Russia and will stop investing in the country amid the attacks on Ukraine. Shell and BP have taken similar actions.
Image Source: Zacks Investment Research
Outlook
Exxon, like most of the industry, is slowing its capital spending and cutting costs amid rebounding demand instead of blowing out expenditures to ramp up production.
XOM said at its investor day at the start of March that its projected savings and other improvements are set to enable Exxon to “double earnings and cash flow potential” by 2027 compared to 2019, as well as “reduce breakeven costs by roughly $10 per barrel, boost returns on capital employed, and sustainably grow total shareholder returns and distributions.”
Current Zacks estimates call for Exxon’s revenue to climb another 8% to $308 billion to easily top its pre-Covid totals in 2019 and 2018. The company’s adjusted earnings are projected to surge 29% higher to $6.93 per share. Plus, XOM’s FY22 and FY23 consensus EPS estimates have jumped 16% and 12%, respectively since its Q4 release.
Some Other Fundamentals
Exxon’s earnings revisions activity helps it grab a Zacks Rank #1 (Strong Buy) right now. The stock also lands “A” grades for Growth and Momentum in our Style Scores system, and its industry sits in the top 10% of over 250 Zacks industries.
Exxon shares have surged 65% in the last two years to outclimb its highly-ranked industry’s 39% and the S&P 500’s 47%. This stretch of success includes a 35% surge to start 2022 vs. the benchmark index’s nearly 10% decline and its oil industry’s 25% gain.
XOM popped again on Friday to new 52-week highs of over $84 a share. Luckily it has more room to run before it returns to its 2018 levels and plenty of runway to get back to its 2014 peaks of around $100 a share.
Despite its recent climb, Exxon is trading at a 50% discount to its year-long highs at 12.1X forward 12-month earnings and right at its median. XOM’s current levels also represent a solid discount to where it traded for several years leading up to the pandemic.
Image Source: Zacks Investment Research
Bottom Line
Exxon’s 4.3% dividend yield provides investors solid income along with exposure to the resurgent oil and energy market. The stock’s yield tops its industry’s 4% average and crushes the 10-year U.S. Treasury’s 1.7% and the 30-year’s 2.2%.
Exxon’s stellar 2021 helped it repay about $20 billion in debt, or most of the total debt it borrowed during the pandemic downturn. And it announced in February a new $10 billion stock buy program. On top of that, Exxon is focused on expanding its low-carbon businesses, as part of its broader future-looking endeavors.
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Exxon Mobil (XOM) Sets New 12-Month High on Analyst Upgrade
By: MarketBeat | March 5, 2022
• Shares of Exxon Mobil Co. (NYSE:XOM - Get Rating) hit a new 52-week high during mid-day trading on Friday after Citigroup raised their price target on the stock from $74.00 to $80.00. Citigroup currently has a neutral rating on the stock. Exxon Mobil traded as high as $84.27 and last traded at $84.05, with a volume of 2656411 shares. The stock had previously closed at $81.04...
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Truist Financial Analysts Raise Earnings Estimates for Exxon Mobil Co. (XOM)
By: MarketBeat | March 4, 2022
• Exxon Mobil Co. (NYSE:XOM - Get Rating) - Investment analysts at Truist Financial upped their Q1 2022 earnings per share estimates for shares of Exxon Mobil in a research note issued to investors on Wednesday, March 2nd. Truist Financial analyst N. Dingmann now anticipates that the oil and gas company will earn $1.71 per share for the quarter, up from their previous estimate of $1.69. Truist Financial has a "Hold" rating and a $70.00 price target on the stock. Truist Financial also issued estimates for Exxon Mobil's Q2 2022 earnings at $1.90 EPS, Q3 2022 earnings at $1.91 EPS, Q4 2022 earnings at $1.68 EPS and FY2022 earnings at $7.20 EPS. Exxon Mobil (NYSE:XOM - Get Rating) last posted its quarterly earnings results on Tuesday, February 1st. The oil and gas company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.11. The firm had revenue of $84.97 billion for the quarter, compared to analysts' expectations of $84.58 billion. Exxon Mobil had a negative net margin of 2.39% and a positive return on equity of 8.66%. The firm's quarterly revenue was up 82.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 earnings per share...
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$XOM Big bull flag breakout while price still squeezes might have some juice left in the tank!
By: TrendSpider | March 5, 2022
• $XOM Big bull flag breakout while price still squeezes might have some juice left in the tank!.
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Exxon Mobil $XOM on watch ! Breakout at $83.50
By: TrendSpider | March 4, 2022
• $XOM Exxon on watch ! Breakout at $83.50.
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$XOM Exxon looks like it wants to make a run at resistance sooner or later
By: TrendSpider | March 2, 2022
• $XOM Exxon looks like it wants to make a run at resistance sooner or later.
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Exxon Mobil $XOM Gives back the entire breakout
By: TrendSpider | March 1, 2022
• $XOM Gives back the entire breakout.
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FY2022 EPS Estimates for Exxon Mobil Co. (XOM) Increased by Jefferies Financial Group
By: MarketBeat | February 24, 2022
• Exxon Mobil Co. (NYSE:XOM - Get Rating) - Investment analysts at Jefferies Financial Group upped their FY2022 EPS estimates for shares of Exxon Mobil in a note issued to investors on Wednesday, February 23rd. Jefferies Financial Group analyst G. Romeo now expects that the oil and gas company will post earnings of $5.82 per share for the year, up from their previous estimate of $5.46. Jefferies Financial Group has a "Neutral" rating and a $62.00 price objective on the stock. Jefferies Financial Group also issued estimates for Exxon Mobil's FY2023 earnings at $4.98 EPS and FY2024 earnings at $5.15 EPS. Exxon Mobil (NYSE:XOM - Get Rating) last announced its quarterly earnings data on Tuesday, February 1st. The oil and gas company reported $2.05 EPS for the quarter, beating the Zacks' consensus estimate of $1.94 by $0.11. The business had revenue of $84.97 billion during the quarter, compared to analyst estimates of $84.58 billion. Exxon Mobil had a negative net margin of 2.39% and a positive return on equity of 8.66%. The firm's revenue for the quarter was up 82.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share...
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