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Wells Fargo Remains a Buy on Exxon Mobil (XOM)

Tipranks - Tipranks - Fri Jul 3, 3:18AM CDT

Wells Fargo analyst Sam Margolin maintained a Buy rating on Exxon Mobil yesterday and set a price target of $185.00. The company’s shares closed yesterday at $136.28.

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According to TipRanks, Margolin is a 5-star analyst with an average return of 11.5% and a 66.44% success rate. Margolin covers the Energy sector, focusing on stocks such as BP, Chevron, and Marathon Petroleum.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Exxon Mobil with a $173.72 average price target, implying a 27.47% upside from current levels. In a report released on June 29, Morgan Stanley also maintained a Buy rating on the stock with a $168.00 price target.

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Based on Exxon Mobil’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $83.16 billion and a net profit of $4.18 billion. In comparison, last year the company earned a revenue of $81.06 billion and had a net profit of $7.71 billion

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