tiprankstipranks
Trending News
More News >

Exxon Mobil: Buy Rating Affirmed Amid Adjusted Earnings Estimates and Strategic Outlook

Exxon Mobil: Buy Rating Affirmed Amid Adjusted Earnings Estimates and Strategic Outlook

Analyst Roger Read of Wells Fargo maintained a Buy rating on Exxon Mobil, retaining the price target of $127.00.

Don’t Miss TipRanks’ Half-Year Sale

Roger Read has given his Buy rating due to a combination of factors including the recent adjustments in Exxon Mobil’s earnings estimates and the company’s performance in various segments. Despite a downward revision in the Q2’25 EPS estimate to $1.55, the adjustments reflect a balanced outlook with higher expectations in Energy Products partially offsetting lower forecasts in Upstream and Chemicals.
Read’s analysis indicates that Exxon Mobil’s earnings considerations are slightly above the midpoint of the company’s guidance, suggesting a stable performance. Additionally, the potential range of outcomes for Q2’25, based on actual results and adjusted guidance, supports a positive outlook. The anticipation of management’s commentary on macroeconomic factors and strategic initiatives during the earnings call further reinforces the Buy rating, as these discussions may provide insights into future growth and capital allocation strategies.

In another report released yesterday, Scotiabank also maintained a Buy rating on the stock with a $115.00 price target.

Disclaimer & DisclosureReport an Issue

1