Analyst Rating Update on Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) has an average broker rating of 2.62, which is interpreted as a Hold, as rated by 15 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Exxon Mobil Corporation (XOM) : The consensus price target for Exxon Mobil Corporation (XOM) is $93.1 for the short term with a standard deviation of $8.25. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $102, however, the pessimist price target for the company is $75.

Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Bank of America downgrades its outlook on Exxon Mobil Corporation (NYSE:XOM). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on June 2, 2016.


Exxon Mobil Corporation (NYSE:XOM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $87.01 and $86.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $87.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $87.49, notching a gain of 0.52% for the day. The total traded volume was 14,631,501 . The stock had closed at $87.04 on the previous day.

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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