Exxon Mobil Corporation (XOM) Receives ‘Analyst’ Rating

Exxon Mobil Corporation (XOM) : 4 brokerage houses believe that Exxon Mobil Corporation (XOM) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Exxon Mobil Corporation (XOM). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 15 Wall Street Analysts endorse the stock as a Hold with a rating of 2.62.

Exxon Mobil Corporation (XOM) : The most positive equity analysts on Exxon Mobil Corporation (XOM) expects the shares to touch $100, whereas, the least positive believes that the stock will trade at $74 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $92.18 with an expected fluctuation of $8.12 from the mean.


Also, Brokerage firm UBS maintains its rating on Exxon Mobil Corporation (NYSE:XOM). As per the latest information, the brokerage house lowers the price target to $86 per share from a prior target of $90. The shares have been rated Neutral. The rating by the firm was issued on August 1, 2016.

Exxon Mobil Corporation (NYSE:XOM): After opening at $84.67, the stock dipped to an intraday low of $84.52 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $85.65 and the buying power remained strong till the end. The stock closed at $85.08 for the day, a gain of 0.57% for the day session. The total traded volume was 9,251,913. The stocks close on the previous trading day was $84.6.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.