Figma Shares Indicated To Open $105/$110
On Friday, TD Cowen analysts adjusted their outlook on ExxonMobil (NYSE:XOM), reducing the stock’s price target from $128.00 to $125.00, while still affirming a Buy rating on the shares. The oil giant, currently trading at $105.53 and near its 52-week low, maintains strong financial health according to InvestingPro analysis. The revision follows a modest increase in the estimated earnings per share (EPS) for the first quarter of 2025, with analysts now anticipating $1.70 per share compared to the previous estimate of $1.68. This figure stands in contrast to a guidance and consensus estimate of $1.80 and $1.70, respectively. For perspective, ExxonMobil’s full-year 2025 EPS is forecast at $7.27, with the company trading at a P/E ratio of 13.57.
The analysts noted that ExxonMobil’s upstream operations performed slightly better than they had projected. The guidance provided by the company excludes the elimination of one-time benefits realized in the fourth quarter and the Tengizchevroil (TCO) Depreciation, Depletion, and Amortization (DDA), which is somewhat balanced by a reduction in operating expenses (opex).
TD Cowen’s report suggests that the risks to ExxonMobil’s share buyback program are minimal through 2026 and potentially beyond, even when accounting for lower commodity prices. The firm maintains its view of ExxonMobil as a top pick within the sector despite the lowered price target.
The price target adjustment reflects a nuanced view of the company’s financial outlook, taking into account various operational and market factors. ExxonMobil’s stock performance and investor expectations will likely continue to be influenced by such assessments from financial institutions. According to InvestingPro analysis, the stock appears slightly undervalued at current levels, with analyst targets ranging from $105 to $146. Discover more insights and 10 additional ProTips in the comprehensive Pro Research Report, available exclusively to subscribers.
In other recent news, ExxonMobil has released its first-quarter earnings considerations for the fiscal year 2025, projecting an earnings per share (EPS) of approximately $1.81. This figure surpasses both UBS’s and Wall Street’s expectations, which were set at $1.75 and $1.73, respectively. The anticipated increase is largely attributed to higher commodity prices and improved industry margins, resulting in a net income of about $7.9 billion. Meanwhile, Mizuho (NYSE:MFG) Securities has adjusted its outlook on ExxonMobil, lowering the price target to $129 from $131, while maintaining a Neutral rating. Mizuho analysts predict an EPS of around $1.72, noting a slight quarter-over-quarter increase but a year-over-year decline.
In leadership developments, ExxonMobil announced the retirement of Karen T. McKee, president of ExxonMobil Product Solutions Company, effective May 1, 2025. Matt Crocker will succeed her in this role, bringing extensive experience from various leadership positions within the company. These changes come amid significant attention on the energy sector, with ExxonMobil continuing to focus on sustainability and innovation. The company has set ambitious goals for reducing greenhouse gas emissions, aiming for net-zero emissions from its operated assets by 2050.
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