Price Target Update on Exxon Mobil Corporation (NYSE:XOM)

Exxon Mobil Corporation (NYSE:XOM) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $96 and the lowest price target forecast is $72. The average forecast of all the analysts is $88.6 and the expected standard deviation is $7.66.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Bank of America downgrades the rating on Exxon Mobil Corporation (NYSE:XOM). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 2, 2016.

Exxon Mobil Corporation (NYSE:XOM): stock turned positive on Thursday. Though the stock opened at $91.93, the bulls momentum made the stock top out at $92.07 level for the day. The stock recorded a low of $91.19 and closed the trading day at $91.8, in the green by 0.69%. The total traded volume for the day was 9,464,500. The stock had closed at $91.17 in the previous days trading.

The company shares have rallied 8.63% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $91.93 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $89.75 and the 200 Day Moving Average price is recorded at $83.16. On the companys insider trading activities, The officer (Vice President), of Exxon Mobil Corp, Corson Bradley W had unloaded 6,000 shares at $90.81 per share in a transaction on June 7, 2016. The total value of transaction was $544,860. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas. The Company is involved in the manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a variety of specialty products. The Companys projects include the Kearl project, Heidelberg project, the Point Thomson project, the Hadrian South project, the Lucius project, the Chirag Oil project, the Tapis Enhanced Oil Recovery project, the Damar project, and the Barzan project, among others. The Company is conducting its operations and projects in the United States, Asia, Africa, Canada/South America, Europe and Australia/Oceania.

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