XOM - Exxon Mobil Is This Analyst's Top Pick Citing Premium Valuation Relative To Peers | Benzinga
Piper Sandler analyst Ryan M. Todd reiterated the Overweight rating on Exxon Mobil Corporation (NYSE: XOM) with a price target of $136.
The consistent effort to remake XOM's portfolio for leading profitability and resilience through the cycle is increasingly evident, the analyst writes.
During CEO Darren Woods' tenure, the analyst added, Exxon Mobil has made aggressive efforts to concentrate assets at the low end of the cost curve with improved asset quality/duration (Guyana, Permian, Qatar LNG, Mozambique, etc.).
The company also underwent structural reorg/cost reductions.
Exxon Mobil ...