Exxon Mobil Corporation (NYSE:XOM) shares set a new all-time high Thursday. Here's a look at what to know.
What To Know:
Exxon Mobil shares reached a new all-time high of $120.70 on Thursday and continue to trade around the $120 mark as the price of crude oil continues its recent rally.
Crude oil is currently trading above $92 per barrel and climbed over $95 per barrel on Wednesday for the first time in over a year.
As the price of oil continues to rise, some analysts updated their coverage and price targets on XOM earlier this week:
- Mizuho analyst Nitin Kumar reiterated Exxon Mobil with a Buy and maintained a $139 price target.
- Morgan Stanley analyst Devin McDermott maintained Exxon Mobil with a rating of Overweight and raised the price target from $124 to $131.
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XOM Price Action: According to Benzinga Pro, Exxon Mobil Corporation shares are down 0.1% at $120.00 at the time of publication.
Image: David Roumanetf rom Pixabay
