Exxon Mobil (XOM) Receives a Hold from Credit Suisse

By Carrie Williams

Credit Suisse analyst William Featherston maintained a Hold rating on Exxon Mobil (XOMResearch Report) today and set a price target of $79. The company’s shares opened today at $80.16.

According to TipRanks.com, Featherston ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.1% and a 43.0% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Range Resources Corp, Oasis Petroleum Inc, and Anadarko Petroleum.

The word on The Street in general, suggests a Hold analyst consensus rating for Exxon Mobil with a $86.85 average price target, which is an 8.3% upside from current levels. In a report issued on February 26, J.P. Morgan also maintained a Hold rating on the stock with a $87 price target.

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Based on Exxon Mobil’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $68.05 billion and net profit of $6 billion. In comparison, last year the company earned revenue of $67.63 billion and had a net profit of $8.38 billion.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.