Brokerage Firm Rating Update on Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Zacks Investment Research ranks Exxon Mobil Corporation (XOM) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 2.62, which indicates as a Hold.

Exxon Mobil Corporation (XOM) : The highest short term price target forecast on Exxon Mobil Corporation (XOM) is $100 and the lowest target price is $74. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $92.18 with a standard deviation of $8.12.


Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, UBS maintains its ratings on Exxon Mobil Corporation (NYSE:XOM). In the latest research report, UBS lowers the target price from $90 per share to $86 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 1, 2016.

Exxon Mobil Corporation (NYSE:XOM): stock was range-bound between the intraday low of $87.97 and the intraday high of $88.67 after having opened at $88.65 on Wednesdays session. The stock finally closed in the red at $88.65, a loss of -0.37%. The stock remained in the red for the whole trading day. The total traded volume was 7,470,375 shares. The stock failed to cross $88.67 in Wednesdays trading. The stocks closing price on Thursday was $88.57.

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas. The Company is involved in the manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a variety of specialty products. The Companys projects include the Kearl project, Heidelberg project, the Point Thomson project, the Hadrian South project, the Lucius project, the Chirag Oil project, the Tapis Enhanced Oil Recovery project, the Damar project, and the Barzan project, among others. The Company is conducting its operations and projects in the United States, Asia, Africa, Canada/South America, Europe and Australia/Oceania.

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