Exxon Mobil Gets Price Target Hikes By Analysts Following Upbeat Q1 Results

Exxon Mobil Corp XOM reported better-than-expected earnings and sales results for its first quarter.

Exxon Mobil reported revenues of $86.56 billion, beating the consensus of $85.41 billion. Adjusted EPS of $2.83 beat the consensus of $2.59.

Exxon Mobil shares dropped 2.2% to $115.75 on Monday after closing higher on Friday.

These analysts made changes to their price targets on Exxon Mobil following earnings announcement.

• Morgan Stanley raised the price target on Exxon Mobil from $118 to $122. Morgan Stanley analyst Devin McDermott maintained an Overweight rating.
• Truist Securities raised the price target on Exxon Mobil from $116 to $118. Truist Securities analyst Neal Dingmann maintained a Hold rating
• Goldman Sachs analyst Neil Mehta, meanwhile, downgraded Exxon Mobil from Buy to Neutral and announced a $125 price target.

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