UBS Reiterates Neutral On Exxon Mobil Following Investor Meetings
In a research report published this morning, UBS analyst William Featherston reiterated a Neutral rating on Exxon Mobil (NYSE:XOM) with a $95 price target, following investor meetings with Jeff Woodbury (VP Investor Relations & Secretary).
Featherston wrote, “Investor focus was geared less toward production growth and more on the company’s value proposition to deliver superior ROCE, cash distributions to shareholders through the cycle & what opportunities may emerge for XOM given the sharp pullback in oil prices and energy-related equities. XOM emphasized its belief that it is better positioned than peers to take advantage of opportunities (access to resource, cost cutting, M&A), particularly in a weaker oil price environment.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst William Featherston has a total average return of -6.9% and a 29.6% success rate. Featherston has a 26.5% average return when recommending XOM, and is ranked #3079 out of 3412 analysts.