Scotiabank analyst Paul Cheng maintained a Hold rating on Exxon Mobil (XOM – Research Report) today and set a price target of $129.00. The company’s shares closed last Friday at $116.00.
Cheng covers the Energy sector, focusing on stocks such as APA, Devon Energy, and Conocophillips. According to TipRanks, Cheng has an average return of 3.5% and a 50.25% success rate on recommended stocks.
In addition to Scotiabank, Exxon Mobil also received a Hold from HSBC’s Kim Fustier in a report issued on April 30. However, today, Piper Sandler assigned a Buy rating to Exxon Mobil (NYSE: XOM).
The company has a one-year high of $123.75 and a one-year low of $94.89. Currently, Exxon Mobil has an average volume of 18.2M.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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