Jefferies Maintains Their Hold Rating on Exxon Mobil (XOM)

By Jason Carr

In a report issued on September 14, Jason Gammel from Jefferies maintained a Hold rating on Exxon Mobil (NYSE: XOM), with a price target of $87. The company’s shares closed on Friday at $82.92.

According to TipRanks.com, Gammel is a 4-star analyst with an average return of 8.7% and a 66.7% success rate. Gammel covers the Basic Materials sector, focusing on stocks such as Royal Dutch Shell A, Conocophillips, and Marathon Oil.

Currently, the analyst consensus on Exxon Mobil is a Hold with an average price target of $89, implying a 7.3% upside from current levels. In a report issued on September 7, UBS 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 June 30, the company reported a quarterly revenue of $71.46 billion and net profit of $3.95 billion. In comparison, last year the company earned revenue of $55.24 billion and had a net profit of $3.35 billion.

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