Bernstein Sticks to Its Buy Rating for Exxon Mobil (XOM)

Bernstein analyst Bob Brackett maintained a Buy rating on Exxon Mobil on February 27 and set a price target of $159.00.

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According to TipRanks, Brackett is a 5-star analyst with an average return of 21.5% and a 65.57% success rate. Brackett covers the Energy sector, focusing on stocks such as Devon Energy, Exxon Mobil, and Diamondback.

In addition to Bernstein, Exxon Mobil also received a Buy from Scotiabank’s Paul Cheng in a report issued on February 27. However, today, Citi maintained a Hold rating on Exxon Mobil (NYSE: XOM).

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 32 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 3,230.00 shares for a total of $481,819.10.