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HSBC Maintains Their Buy Rating on Exxon Mobil (XOM)


In a report issued on September 12, Gordon Gray from HSBC maintained a Buy rating on Exxon Mobil (NYSE: XOM), with a price target of $96. The company’s shares closed on Friday at $82.92.

Gray has an average return of 1.8% when recommending Exxon Mobil.

According to TipRanks.com, Gray is ranked #1026 out of 4877 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Exxon Mobil with a $89 average price target, a 7.3% upside from current levels. In a report issued on September 4, Societe Generale also maintained a Buy rating on the stock with a $92 price target.

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Based on Exxon Mobil’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $71.46 billion and net profit of $3.95 billion. In comparison, last year the company earned revenue of $55.24 billion and had a net profit of $3.35 billion.

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