UBS analyst Josh Silverstein maintained a Buy rating on Exxon Mobil (XOM – Research Report) yesterday and set a price target of $152.00. The company’s shares closed yesterday at $116.17.
According to TipRanks, Silverstein is a 5-star analyst with an average return of 10.9% and a 63.95% success rate. Silverstein covers the Energy sector, focusing on stocks such as APA, Coterra Energy, and Conocophillips.
Exxon Mobil has an analyst consensus of Moderate Buy, with a price target consensus of $136.00, implying a 17.07% upside from current levels. In a report released on May 6, Piper Sandler also assigned a Buy rating to the stock with a $145.00 price target.
Based on Exxon Mobil’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $83.08 billion and a net profit of $8.22 billion. In comparison, last year the company earned a revenue of $86.56 billion and had a net profit of $11.43 billion
Based on the recent corporate insider activity of 48 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.
