Vetr Crowd Downgrades Exxon Mobil As Stock Languishes Below $80 - Exxon Mobil (NYSE:XOM)

Shares of Exxon Mobil Corporation XOM have lost more than 15 percent throughout 2015 and has traded below the $80 per share mark for the most part of the bottom half of the year.
The Vetr crowd downgraded Exxon's rating to 2.5-stars out of a possible 5 stars.
Despite a downgrade, 83 percent of the crowd's ratings are bullish but the crowd-sourced price target of $73.02 implies a near 5-percent downside.

Shares of Exxon Mobil have lost more than 15 percent since the start of 2015. The move shouldn't surprise investors given the continued decline in the price of oil and other commodities. On Tuesday, the Vetr crowd

downgraded Exxon's rating

to 2.5-stars out of a possible 5 stars. The downgrade comes at a time when oil continues flirting with a multi-year low with no immediate signs of a rebound. Despite a downgrade into bear territory, 83 percent of the crowd's ratings are bullish. In addition, the stock remains popular among the crowd as more than 2 percent of the crowd hold the stock in their watch-list. On the other hand, the crowd-sourced price target of $73.02 implies a potential near downside of close to 5 percent. Related Link:

Is Plug Power Now A Buy? The Vetr Crowd Thinks So The crowd's insight explains the different views of the stock. According to Saurabh Sirjoshi, a member of the crowd, it will be "difficult" for Exxon to maintain profitability at a time when global crude oil prices are "failing to show any signs of recovery." On the other hand,

Jonathan

argued that the global commodity rut provides investors with an "opportunity to buy distressed companies." The crowd member added that Exxon's "huge" balance sheet, strong support, and portfolio diversity gives it the "ability to handle" downturns.

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