In a report released today, Devin McDermott from Morgan Stanley maintained a Buy rating on Exxon Mobil (XOM – Research Report), with a price target of $140.00. The company’s shares closed yesterday at $119.97.
McDermott covers the Energy sector, focusing on stocks such as Exxon Mobil, APA, and Coterra Energy. According to TipRanks, McDermott has an average return of 9.9% and a 57.05% success rate on recommended stocks.
Exxon Mobil has an analyst consensus of Moderate Buy, with a price target consensus of $130.95, which is a 9.15% upside from current levels. In a report released yesterday, Piper Sandler also assigned a Buy rating to the stock with a $138.00 price target.
The company has a one-year high of $126.34 and a one-year low of $95.77. Currently, Exxon Mobil has an average volume of 14.42M.
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Exxon Mobil (XOM) Company Description:
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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