Exxon Mobil (XOM) Gets a Hold Rating from Goldman Sachs

By Ryan Adsit

Goldman Sachs analyst Neil Mehta maintained a Hold rating on Exxon Mobil (XOMResearch Report) today and set a price target of $80. The company’s shares opened today at $79.97.

According to TipRanks.com, Mehta is a 3-star analyst with an average return of 4.6% and a 58.6% success rate. Mehta covers the Basic Materials sector, focusing on stocks such as Par Pacific Holdings, Cenovus Energy Inc, and Hollyfrontier Corp.

The word on The Street in general, suggests a Hold analyst consensus rating for Exxon Mobil with a $86 average price target, implying a 7.5% upside from current levels. In a report issued on April 26, J.P. Morgan also maintained a Hold rating on the stock with a $87 price target.

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The company has a one-year high of $87.36 and a one-year low of $64.65. Currently, Exxon Mobil has an average volume of 12.17M.

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