Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Exxon Mobil Corp (NYSE: XOM) improved during the last several trading days. XOM’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Exxon Mobil Corp (NYSE: XOM) stock declined slightly by -0.7% on 4/8/24. The stock closed at $120.55. Trading volume in this decline was normal. The stock has performed in line with the market over the last nine months and has risen 3.7% during the last week.
Current PriceTarget Research Rating
XOM is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Exxon Mobil has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Exxon Mobil has a neutral Power Rating of 56 but a good Appreciation Score of 74, triggering the Positive Value Trend Rating.
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