BMO Capital analyst Phillip Jungwirth maintains $Exxon Mobil (XOM.US)$ with a hold rating, and adjusts the target price from $120 to $130.
According to TipRanks data, the analyst has a success rate of 42.8% and a total average return of 2.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Exxon Mobil (XOM.US)$'s main analysts recently are as follows:
Estimates in the integrated oil and exploration and production group have been adjusted to reflect a reduction in oil price forecasts. Despite the recent sector pullback, the potential benefits outweigh the risks for stocks as company fundamentals and operational momentum continue to be robust.
The firm is adjusting its estimates for the North American Oil and Gas group, U.S. refiners, and Canadian oilfield services companies. This comes after observing a significant decrease in crude prices during September, with the anticipation that prices will stay close to the current levels for the remainder of the year.
Note:
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