Exxon Mobil Corporation (XOM) is set to release its fourth-quarter earnings on February 2, 2024, before the opening bell. Analysts are expecting the company to report earnings of $2.21 per share, a decrease from the $3.4 per share earnings in the same period the previous year. The projected revenue for the latest quarter is $85.23 billion, compared to $95.43 billion in the year-earlier quarter.
However, the company has recently made headlines for a surprising move. Exxon Mobil has taken legal action against its investors in an attempt to block a climate proposal from being voted on at its upcoming shareholder meeting. This move has sparked controversy and drawn attention to the company’s stance on climate change.
In the midst of these developments, Exxon Mobil’s shares saw a slight decline of 0.4%, closing at $102.39 on Thursday. The outcome of the legal action and its potential impact on the company’s reputation and investor sentiment remain uncertain.
For investors looking to gauge the sentiment surrounding Exxon Mobil, Benzinga offers access to the latest analyst ratings on its Analyst Stock Ratings page. Readers can sort the ratings by stock ticker, company name, analyst firm, rating change, or other variables.
To provide further insights, let’s take a look at the recent ratings from some of Benzinga’s most accurate analysts:
1. UBS analyst Jon Rigby: Maintained a Buy rating and lowered the price target from $133 to $132 on January 23, 2024. This analyst has an accuracy rate of 62%.
2. TD Cowen analyst Jason Gabelman: Upgraded the stock from Market Perform to Outperform with a price target of $115 on January 23, 2024. This analyst has an accuracy rate of 71%.
3. Redburn Atlantic analyst Peter Low: Upgraded the stock from Neutral to Buy and increased the price target from $116 to $119 on January 9, 2024. This analyst has an accuracy rate of 72%.
4. Erste Group analyst Hans Engel: Downgraded the stock from Buy to Hold on December 22, 2023. This analyst has an accuracy rate of 70%.
5. JP Morgan analyst John Royall: Maintained an Overweight rating and reduced the price target from $134 to $127 on December 8, 2023. This analyst has an accuracy rate of 70%.
These ratings provide a snapshot of analysts’ opinions on Exxon Mobil, offering investors insights into the company’s performance and potential. However, it’s important to note that analyst ratings are subjective and should be considered alongside other factors when making investment decisions.
In conclusion, Exxon Mobil’s upcoming earnings release and legal battle with its investors have captured attention in the market. As investors await the fourth-quarter results, they can stay informed by accessing the latest analyst ratings on Benzinga’s platform. These ratings provide valuable insights into the sentiments of industry experts and can help investors make informed decisions regarding their investments.
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