RBC Capital Sticks to Their Hold Rating for Exxon Mobil (XOM)

In a report released yesterday, Biraj Borkhataria from RBC Capital maintained a Hold rating on Exxon Mobil (XOM – Research Report), with a price target of $120.00. The company’s shares closed yesterday at $113.49.

According to TipRanks, Borkhataria is a 4-star analyst with an average return of 4.0% and a 59.91% success rate.

In addition to RBC Capital, Exxon Mobil also received a Hold from Mizuho Securities’s Nitin Kumar CFA in a report issued on March 19. However, on March 14, Piper Sandler assigned a Buy rating to Exxon Mobil (NYSE: XOM).

Based on Exxon Mobil’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $84.34 billion and a net profit of $7.63 billion. In comparison, last year the company earned a revenue of $95.43 billion and had a net profit of $12.75 billion

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of XOM in relation to earlier this year.

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Exxon Mobil (XOM) Company Description:

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products. The Chemical segment offers petrochemicals. The company was founded by John D. Rockefeller in 1882 and is headquartered in Irving, TX.