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Analysts Offer Insights on Energy Companies: Civitas Resources (CIVI) and Exxon Mobil (XOM)

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Civitas Resources (CIVIResearch Report) and Exxon Mobil (XOMResearch Report) with bullish sentiments.

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Civitas Resources (CIVI)

Civitas Resources received a Buy rating and a $46.00 price target from Siebert Williams Shank & Co analyst Gabriele Sorbara today. The company’s shares closed last Friday at $32.41, close to its 52-week low of $31.69.

According to TipRanks.com, Sorbara is a 5-star analyst with an average return of 21.6% and a 58.2% success rate. Sorbara covers the NA sector, focusing on stocks such as Infinity Natural Resources, Inc. Class A, Crescent Energy Company Class A, and Comstock Resources.

Currently, the analyst consensus on Civitas Resources is a Moderate Buy with an average price target of $40.30, a 25.4% upside from current levels. In a report issued on June 16, Piper Sandler also maintained a Buy rating on the stock with a $54.00 price target.

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Exxon Mobil (XOM)

TD Cowen analyst Jason Gabelman maintained a Buy rating on Exxon Mobil today and set a price target of $128.00. The company’s shares closed last Friday at $114.70.

According to TipRanks.com, Gabelman is a 4-star analyst with an average return of 8.2% and a 59.6% success rate. Gabelman covers the NA sector, focusing on stocks such as Calumet Specialty Products, HF Sinclair Corporation, and Par Pacific Holdings.

Exxon Mobil has an analyst consensus of Moderate Buy, with a price target consensus of $123.14.

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