Exxon Mobil Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Core Insights - Exxon Mobil Corporation is set to release its third-quarter earnings results on October 31, with expected earnings of $1.82 per share, a decrease from $1.92 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $87.71 billion, down from $90.02 billion a year earlier [1] Stock Performance - The stock has recently benefited from a sector-wide rally due to U.S. sanctions against Russian oil producers, which have driven crude prices higher, positively impacting Exxon's profitability [2] - Shares of Exxon Mobil closed at $114.69, reflecting a decline of 1.5% [2] Analyst Ratings - Wells Fargo analyst Sam Margolin initiated coverage with an Overweight rating and a price target of $156 [5] - Melius Research analyst James West initiated coverage with a Hold rating and a price target of $111 [5] - Piper Sandler analyst Ryan Todd maintained an Overweight rating and raised the price target from $134 to $145 [5] - Goldman Sachs analyst Neil Mehta reiterated a Neutral rating with a price target of $117 [5] - Morgan Stanley analyst Devin McDermott maintained an Overweight rating and slightly increased the price target from $134 to $135 [5]