Morgan Stanley (NYSE:MS) analyst Devin McDermott maintained a Hold rating on Exxon Mobil Corp (NYSE:XOM). on Friday, setting a price target of $46, which is approximately 11.33% above the present share price of $41.32.
McDermott expects Exxon Mobil Corp. to post earnings per share (EPS) of -$0.26 for the third quarter of 2020.
The current consensus among 15 TipRanks analysts is for a Hold rating of shares in Exxon Mobil, with an average price target of $48.54.
The analysts price targets range from a high of $80 to a low of $34.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $32.28 billion and a net profit of -$1.38 billion. The company's market cap is $174.71 billion.
According to TipRanks.com, Morgan Stanley analyst Devin McDermott is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -4.8% and a 38.46% success rate.
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.