Check Out What Whales Are Doing With XOM
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Exxon Mobil (NYSE:XOM), with 57% of investors opening trades with bullish expectations and 42% with bearish. The whale has been targeting a price range from $90.0 to $120.0 for Exxon Mobil over the last 3 months. RBC Capital downgraded its action to Sector Perform with a price target of $125, while Morgan Stanley and Truist Securities maintained their Overweight and Hold ratings respectively, with price targets of $121 and $110.
August 07, 2023 | 5:30 pm
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Exxon Mobil has seen increased interest from a whale investor, with a bullish stance and a targeted price range of $90-$120. Analysts have mixed ratings, with a downgrade from RBC Capital and maintained ratings from Morgan Stanley and Truist Securities.
The bullish stance from a whale investor, along with the targeted price range, indicates a positive outlook for Exxon Mobil. However, the mixed analyst ratings, including a downgrade from RBC Capital, suggest some uncertainty in the market. The overall impact is likely to be positive in the short term, but investors should monitor the situation closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100