Exxon Mobil, the Energy sector company, was revisited by a Wall Street analyst today. Analyst Jason Gabelman from TD Cowen maintained a Buy rating on the stock and has a $128.00 price target.
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Jason Gabelman has given his Buy rating due to a combination of factors including Exxon Mobil’s strong financial performance and strategic positioning. The company is expected to see increased earnings per share in the third quarter of 2025, driven by higher chemical margins and better-than-expected upstream performance. Additionally, Exxon Mobil’s robust balance sheet and high-quality resource base make it a standout choice among its peers.
Furthermore, the company’s growth prospects through 2030 and its potential for differentiated earnings beyond that period contribute to the positive outlook. Despite some headwinds, such as anticipated reductions in new business spending, the overall financial health and strategic direction of Exxon Mobil support the Buy rating. These elements combined make Exxon Mobil a top pick for investors looking for stability and growth potential in the energy sector.
In another report released yesterday, J.P. Morgan also reiterated a Buy rating on the stock with a $124.00 price target.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of XOM in relation to earlier this year.