In a report released yesterday, Paul Cheng from Barclays maintained a Sell rating on Exxon Mobil (XOM), with a price target of $82. The company’s shares closed yesterday at $72.05.
According to TipRanks.com, Cheng is a 4-star analyst with an average return of 2.8% and a 49.8% success rate. Cheng covers the Basic Materials sector, focusing on stocks such as Petroleo Brasileiro SA- Petrobras, Imperial Oil Limited, and Occidental Petroleum.
Currently, the analyst consensus on Exxon Mobil is a Hold with an average price target of $86.70.
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Based on Exxon Mobil’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $74.26 billion and net profit of $6.24 billion. In comparison, last year the company earned revenue of $67.63 billion and had a net profit of $8.38 billion.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock.
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