Exxon Mobil Shares Drop 1.54% to $148.13 on Energy Sector Rally and Iran Optimism
Exxon Mobil shares slid 1.54% to $148.13, underperforming the S&P 500 and lagging the Oils-Energy sector’s 6.06% one-month gain as energy stocks dropped on President’s Iran peace optimism. Q1 forecasts call for EPS of $1.58 (-10.2% y/y) on $82.47B revenue (-0.8% y/y) and full-year EPS of $6.74.
1. Stock Performance
On the latest trading day, shares closed at $148.13, down 1.54% from the prior session and underperforming the S&P 500’s 0.21% loss. Over the past month, the stock has declined 0.51%, while the Oils-Energy sector has gained 6.06% and the S&P 500 fell 2.26%.
2. Geopolitical Impact
The stock also slipped roughly 1% intraday after presidential comments suggested the conflict with Iran could end rapidly, reducing oil price pressures and prompting energy investors to trim positions.
3. Earnings Forecasts
Analysts project Q1 EPS of $1.58, a 10.23% year-over-year decline, on revenue of $82.47 billion, down 0.8%. Full-year estimates call for EPS of $6.74 and revenue of $331.8 billion, declines of 3.58% and 0.13%, respectively.
4. Valuation Metrics
Exxon Mobil carries a neutral hold rating after consensus EPS estimates rose 0.22% over the past month. Its forward P/E stands at 22.33 versus the industry’s 12.72, with a PEG ratio of 1.23 compared to the sector average of 1.55.