Oppenheimer Maintains Pefrom On Exxon Mobil Following 3Q14 Earnings

Oppenheimer analyst Fadel Gheit maintained a Perform rating on Exxon Mobil Corp. (NYSE:XOM), following the company’s release of its third-quarter results. No price target was provided.

Gheit noted, “Results were driven by higher margins and improved operations in the Downstream and Chemical businesses, partially offset by the impact of lower Upstream realizations.” However, “Barring an unlikely major acquisition, we don’t see any catalyst in the next 12 months that would lift XOM’s share performance above the S&P 500’s.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Fadel Gheit has a total average return of 10.1% and a 66.1% success rate. Gheit has a 15.9% average return when recommending XOM, and is ranked #408 out of 3355 analysts.

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