Exxon Mobil (XOM) Receives a Hold from Berenberg Bank

By Ryan Adsit

In a report issued on August 2, Henry Tarr from Berenberg Bank maintained a Hold rating on Exxon Mobil (XOMResearch Report), with a price target of $76. The company’s shares opened today at $70.50.

According to TipRanks.com, Tarr is a 2-star analyst with an average return of 0.8% and a 41.7% success rate. Tarr covers the Basic Materials sector, focusing on stocks such as TechnipFMC PLC, Total SA, and Repsol.

Currently, the analyst consensus on Exxon Mobil is a Hold with an average price target of $82.28, representing a 16.7% upside. In a report released yesterday, DZ BANK AG also upgraded the stock to Hold with a $70 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 10.56M.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock.

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