Exxon Mobil (XOM) Received its Third Buy in a Row

After Bank of America Securities and Goldman Sachs gave Exxon Mobil (NYSE: XOM) a Buy rating last month, the company received another Buy, this time from J.P. Morgan. Analyst Phil Gresh maintained a Buy rating on Exxon Mobil today and set a price target of $100.00. The company’s shares closed last Tuesday at $82.37.

According to TipRanks.com, Gresh is a 5-star analyst with an average return of 11.1% and a 71.6% success rate. Gresh covers the Utilities sector, focusing on stocks such as Par Pacific Holdings, Occidental Petroleum, and Marathon Petroleum.

Exxon Mobil has an analyst consensus of Moderate Buy, with a price target consensus of $87.28.

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The company has a one-year high of $91.51 and a one-year low of $52.10. Currently, Exxon Mobil has an average volume of 32.56M.

Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of XOM in relation to earlier this year.

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.

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products. The Chemical segment offers petrochemicals. The company was founded by John D. Rockefeller in 1882 and is headquartered in Irving, TX.

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