J.P. Morgan analyst Phil Gresh maintained a Hold rating on Exxon Mobil (XOM) yesterday and set a price target of $93. The company’s shares closed yesterday at $76.54.
According to TipRanks.com, Gresh is a 4-star analyst with an average return of 9.3% and a 70.5% success rate. Gresh covers the Basic Materials sector, focusing on stocks such as Marathon Petroleum Corporation, Valero Energy Corp, and Phillips 66.
Currently, the analyst consensus on Exxon Mobil is a Hold with an average price target of $89.18, a 16.5% upside from current levels. In a report issued on November 28, Mizuho Securities also reiterated a Hold rating on the stock with a $77 price target.
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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 $58.55 billion and had a net profit of $3.97 billion.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock.
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