Argus analyst Bill Selesky raised the firm’s price target on Exxon Mobil to $133 from $128 and keeps a Buy rating on the shares. The company’s higher earnings for Q4 reflected higher realized crude oil and natural gas prices and increased production, the analyst tells investors in a research note. Exxon Mobil shares have risen strongly in 2022 and thus far in 2023, but there is still a long runway ahead based on strong energy market fundamentals, the firm adds.
Published first on TheFly
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