Merrill Lynch Sticks to Its Buy Rating for Exxon Mobil (XOM)

By Austin Angelo

In a report released yesterday, Doug Leggate from Merrill Lynch reiterated a Buy rating on Exxon Mobil (XOMResearch Report), with a price target of $100. The company’s shares closed on Friday at $71.75.

According to TipRanks.com, Leggate is ranked #4699 out of 5237 analysts.

Exxon Mobil has an analyst consensus of Moderate Buy, with a price target consensus of $84.64.

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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 $69.09 billion and net profit of $3.13 billion. In comparison, last year the company earned revenue of $71.47 billion and had a net profit of $3.95 billion.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock.

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