Exxon Mobil (NYSE:XOM) Given New $170.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised its price target on Exxon Mobil from $140 to $170 and kept an "overweight" rating, implying roughly a 9.7% upside from the prior close.
• Multiple brokerages (e.g., Jefferies to $184, Morgan Stanley to $172, Wells Fargo to $185) have recently lifted targets, leaving Exxon with an average analyst price target of $157.85 and a consensus rating of "Moderate Buy."
• Near-term risks include operational hits (Exxon says about 6% of global output was knocked out by the Middle East conflict) and scheduled Beaumont refinery overhauls, while the stock traded around $154.99 with elevated options activity and volatility.

Exxon Mobil (NYSE:XOM - Get Free Report) had its price target upped by stock analysts at JPMorgan Chase & Co. from $140.00 to $170.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the oil and gas company's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 9.68% from the stock's previous close.

A number of other analysts have also recently weighed in on XOM. Jefferies Financial Group increased their price objective on Exxon Mobil from $178.00 to $184.00 and gave the stock a "buy" rating in a research report on Thursday. HSBC raised their price target on Exxon Mobil from $135.00 to $158.00 and gave the company a "hold" rating in a report on Friday, March 20th. Scotiabank raised Exxon Mobil to a "strong-buy" rating in a report on Friday, March 27th. BNP Paribas Exane cut Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $125.00 price target for the company. in a report on Tuesday, February 3rd. Finally, Morgan Stanley raised their price target on Exxon Mobil from $134.00 to $172.00 and gave the company an "overweight" rating in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $157.85.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $1.23 during mid-day trading on Thursday, reaching $154.99. 15,467,935 shares of the company were exchanged, compared to its average volume of 22,741,887. Exxon Mobil has a twelve month low of $97.80 and a twelve month high of $176.41. The firm's 50-day simple moving average is $154.00 and its two-hundred day simple moving average is $130.93. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The firm has a market cap of $645.81 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 1.11 and a beta of 0.29.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company had revenue of $80.04 billion during the quarter, compared to analysts' expectations of $77.98 billion. During the same period last year, the firm earned $1.67 EPS. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. Equities analysts predict that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares of the company's stock, valued at $3,295,864. This trade represents a 17.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 11,460 shares of company stock valued at $1,687,854. Company insiders own 0.03% of the company's stock.

Hedge Funds Weigh In On Exxon Mobil

Several hedge funds have recently bought and sold shares of XOM. Berbice Capital Management LLC purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $26,000. Midwest Capital Advisors LLC purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Exxon Mobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock valued at $27,000 after purchasing an additional 187 shares in the last quarter. Key Capital Management INC purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $28,000. Finally, Westfuller Advisors LLC purchased a new position in Exxon Mobil during the third quarter worth $30,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Key Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

• Positive Sentiment: Several brokerages raised price targets and reiterated positive ratings — Jefferies lifted its target to $184 and kept a Buy, Wells Fargo bumped its target to $185 with an Overweight, and RBC raised its target to $180 — signaling meaningful analyst conviction in upside to current levels. Read More.
• Positive Sentiment: Erste Group raised FY2026–FY2027 EPS estimates materially, implying stronger underlying earnings potential than consensus and supporting longer-term valuation improvement. Read More.
• Neutral Sentiment: Piper Sandler trimmed its target from $186 to $182 but kept an Overweight rating — a modest downgrade to the target that still implies double‑digit upside, so the move is more calibration than a change in conviction. Read More.
• Neutral Sentiment: Trading-focused commentary notes elevated options activity and unusual volatility in XOM, which can create short-term trading opportunities but also wider bid-ask and gamma-driven moves. Read More.
• Neutral Sentiment: Operational note: Exxon plans scheduled overhauls at its Beaumont, TX refinery this spring and year-end — normal maintenance that can temporarily reduce refining throughput but is expected and typically priced in. Read More.
• Negative Sentiment: Markets reacted to a two‑week U.S. pause in attacks on Iran and a temporary ceasefire by sending crude prices sharply lower, which pushed XOM shares down on lower near-term oil-price expectations. Read More.
• Negative Sentiment: Exxon disclosed that roughly 6% of its global output was knocked out by the Middle East conflict (Qatar/UAE impacts) and flagged Q1 production/refining hits — direct operational damage that dents near-term volumes and earnings. Read More.
• Negative Sentiment: Wolfe Research trimmed its target to $153 (now an Outperform) and others warned the stock could break key technical support (50‑day MA), adding selling pressure from both fundamentals and technical traders. Read More. | Read More.
• Neutral Sentiment: Mixed media pieces note that while oil-price volatility can hurt short‑term sentiment, integrated majors like Exxon often see offsetting margin and cash‑flow dynamics (upstream gains vs downstream hits), making the near‑term outlook balanced but event‑driven. Read More.

About Exxon Mobil

Exxon Mobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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