B of A Securities Upgrades Exxon Mobil to 'Buy', Sets $154 Target
B of A Securities raised its price target for Exxon Mobil to $154, upgrading its rating to 'buy'.
Key Points
- B of A Securities upgraded Exxon Mobil to 'buy' with a new price target of $154 on June 16, 2026.
- Exxon Mobil shares are trading at $140.92, with a market cap of about $584 billion and a P/E ratio of 23.7.
- Insider Darrin Talley sold shares in multiple transactions, while major funds like BlackRock increased their holdings.
B of A Securities has raised its rating on Exxon Mobil Corporation (NYSE: XOM) to 'buy' and set a new price target of $154. This upgrade was made on June 16, 2026, by analyst Jean Ann Salisbury. Exxon Mobil's stock is currently trading at $140.92.
Exxon Mobil Stock Snapshot
Shares of NYSE:XOM are trading around $140.92. Exxon Mobil boasts a market cap of approximately $584 billion. The company has a P/E ratio of 23.7 and a forward P/E of 13.2, indicating investors expect future earnings growth. The stock's beta is a low 0.149, suggesting less volatility compared to the broader market. It has experienced a 52-week range between $105.53 and $176.41, with a 50-day moving average of $151.51 and a 200-day moving average of $134.12.
Recent Earnings
Exxon Mobil reported revenue of $326 billion, with a modest growth rate of 2.6%. The company's net margin stands at 7.8%, and it achieved a return on equity of 9.9%. The next earnings release is scheduled for July 31, 2026.
Dividend
Exxon Mobil offers an annual dividend rate of $4.12, yielding 2.92% based on current prices. The dividend payout ratio is 68%, indicating a stable dividend policy.
Insider Buying and Selling at Exxon Mobil Corporation
Vice President of Corporate Strategic Planning, Darrin Talley, has been active in selling shares. On March 16, 2026, he sold 1,080 shares at an average price of $155.50. Earlier transactions include selling 2,150 shares on March 2, 2026, at $157.82, and 3,230 shares on February 9, 2026, at $149.18.
Analysts Set New Price Targets
On June 16, 2026, B of A Securities upgraded Exxon Mobil to 'buy' with a $154 price target. Other analysts have maintained their positions: Mizuho kept a 'hold' rating with a $175 target on May 27, 2026, while Barclays maintained a 'buy' with a $182 target on May 26, 2026. The consensus recommendation for Exxon Mobil is a 'buy', with an average target price of $169.91 from 22 analysts.
About Exxon Mobil
Exxon Mobil Corporation is a leading company in the energy sector, headquartered in Spring, Texas. It explores and produces crude oil and natural gas globally, operating through several business segments, including Upstream, Energy Products, Chemical Products, and Specialty Products. The company is led by CEO Darren W. Woods and employs around 57,900 people.
Bottom Line
B of A Securities' recent upgrade of Exxon Mobil to a 'buy' with a $154 price target reflects confidence in the company's future prospects. Investors often track these analyst ratings as they can influence stock performance. Keep in mind that this rating is based on historical data and doesn't necessarily indicate current trends.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.