Exxon Mobil (XOM) Receives a Hold from Goldman Sachs

Goldman Sachs analyst Neil Mehta maintained a Hold rating on Exxon Mobil yesterday and set a price target of $149.00. The company’s shares closed yesterday at $151.98.

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According to TipRanks, Mehta is a 5-star analyst with an average return of 11.5% and a 62.42% success rate. Mehta covers the Energy sector, focusing on stocks such as Suncor Energy, Permian Resources, and Ovintiv.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Exxon Mobil with a $166.14 average price target, implying a 9.32% upside from current levels. In a report released today, Exane BNP Paribas also upgraded the stock to a Hold with a $165.00 price target.

Based on Exxon Mobil’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $80.04 billion and a net profit of $6.5 billion. In comparison, last year the company earned a revenue of $81.06 billion and had a net profit of $7.61 billion

Based on the recent corporate insider activity of 33 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. Last month, Darrin L Talley, the VP – Corp Strategic Planning of XOM sold 1,080.00 shares for a total of $167,929.20.