Exxon Mobil Gears Up For Q3 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Exxon Mobil Corporation XOM is expected to release financial results for its third quarter, before the opening bell on Oct. 27, 2023.

Analysts expect the company to post quarterly earnings at $2.24 per share, down sharply from year-ago earnings of $4.45 per share. The company’s revenue might come in at $83.76 billion, compared to $112.07 billion in the year-ago period.

Exxon Mobil shares fell 0.9% to close at $107.60 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• JP Morgan analyst John Royall maintained an Overweight rating and cut the price target from $137 to $134 on Oct. 25, 2023. This analyst has an accuracy rate of 71%.
• Bernstein analyst Bob Brackett initiated coverage on the stock with an Outperform rating and a price target of $140 on Oct. 17, 2023. This analyst has an accuracy rate of 70%.
• UBS analyst Jon Rigby maintained a Buy rating and raised the price target from $139 to $143 on Oct. 4, 2023. This analyst has an accuracy rate of 70%.
• Wells Fargo analyst Roger Read maintained an Overweight rating and boosted the price target from $127 to $130 on Sept. 22, 2023. This analyst has an accuracy rate of 76%.
• Redburn Partners analyst Peter Low upgraded the stock from Sell to Neutral with a price target of $105 on Aug. 31, 2023. This analyst has an accuracy rate of 73%.

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