J.P. Morgan Sticks to Their Hold Rating for Exxon Mobil (XOM)


J.P. Morgan analyst Phil Gresh maintained a Hold rating on Exxon Mobil (XOM) today and set a price target of $37.00. The company’s shares closed last Friday at $32.40, close to its 52-week low of $30.11.

According to TipRanks.com, Gresh is a 4-star analyst with an average return of 8.9% and a 66.7% success rate. Gresh covers the Utilities sector, focusing on stocks such as Occidental Petroleum, Par Pacific Holdings, and Marathon Petroleum.

The word on The Street in general, suggests a Hold analyst consensus rating for Exxon Mobil with a $42.25 average price target, which is a 30.4% upside from current levels. In a report issued on October 19, Morgan Stanley also maintained a Hold rating on the stock with a $44.00 price target.

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Exxon Mobil’s market cap is currently $144.4B and has a P/E ratio of 19.50. The company has a Price to Book ratio of 0.77.

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products. The Chemical segment offers petrochemicals. The company was founded by John D. Rockefeller in 1882 and is headquartered in Irving, TX.

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