In a report released today, Gordon Gray from HSBC maintained a Hold rating on Exxon Mobil (XOM), with a price target of $86.50. The company’s shares opened today at $73.79.
According to TipRanks.com, Gray is a 4-star analyst with an average return of 8.7% and a 69.2% success rate. Gray covers the Basic Materials sector, focusing on stocks such as Royal Dutch Shell A, Total SA, and Repsol.
The word on The Street in general, suggests a Hold analyst consensus rating for Exxon Mobil with a $85.88 average price target, representing a 16.4% upside. In a report issued on May 16, Morgan Stanley also maintained a Hold rating on the stock with a $85 price target.
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Based on Exxon Mobil’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $61.92 billion and net profit of $2.35 billion. In comparison, last year the company earned revenue of $65.44 billion and had a net profit of $4.65 billion.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock.
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