Exxon Mobil Corporation (XOM) : Analyst Rating Update

Exxon Mobil Corporation (XOM) : 14 analysts are covering Exxon Mobil Corporation (XOM) and their average rating on the stock is 2.59, which is read as a Hold. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Exxon Mobil Corporation (XOM) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Exxon Mobil Corporation (XOM) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $96 and the lowest price target forecast is $72. The average forecast of all the analysts is $88.6 and the expected standard deviation is $7.66.

Exxon Mobil Corporation (NYSE:XOM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $93.35 and $92.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $94.12. The buying momentum continued till the end and the stock did not give up its gains. It closed at $94.09, notching a gain of 1.15% for the day. The total traded volume was 13,144,408 . The stock had closed at $93.02 on the previous day.

Also, Bank of America downgrades its rating on Exxon Mobil Corporation (NYSE:XOM). Analysts at the Bank of America have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 2, 2016. The company shares have rallied 13.48% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $93.98 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $90.46 and the 200 Day Moving Average price is recorded at $84.14.

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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