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Benzinga

Business

Adam Eckert

Why Exxon Mobil Stock Hit 52-Week Highs Today

Exxon Mobil XOM Exxon Mobil Corp

Exxon Mobil Corp (NYSE:XOM) shares are trading higher Tuesday following bullish analyst coverage.

Evercore ISI Group analyst Stephen Richardson upgraded Exxon Mobil from an In-Line rating to an Outperform rating and raised the price target from $88 to $120.

Credit Suisse analyst Manav Gupta maintained Exxon Mobil with a Neutral rating and raised the price target from $102 to $115, citing rising natural gas prices.

Related Link: Benzinga's Top Ratings Upgrades, Downgrades For June 7, 2022

Exxon Mobil is an integrated oil and gas company that explores for, produces and refines oil around the world.

XOM Price Action: Exxon Mobil shares are making new 52-week highs on Tuesday.

The stock was up 2.74% at $101.55 at press time, according to data from Benzinga Pro.

Photo: Kristina Kasputienė from Pixabay.

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