Exxon Mobil Co. (NYSE:XOM) was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating in a note issued to investors on Monday, ARN reports. The firm currently has a $74.48 price target on the stock. Vetr‘s price target suggests a potential downside of 11.54% from the stock’s current price.
In other news, VP Bradley W. Corson sold 2,000 shares of the company’s stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $84.36, for a total transaction of $168,720.00. Following the completion of the transaction, the vice president now directly owns 214,033 shares in the company, valued at $18,055,823.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James M. Spellings, Jr. sold 11,924 shares of the company’s stock in a transaction on Friday, February 5th. The stock was sold at an average price of $78.90, for a total transaction of $940,803.60. Following the transaction, the insider now owns 186,750 shares of the company’s stock, valued at $14,734,575. The disclosure for this sale can be found here.
Source: American Banking and Market News