Exxon Mobil (XOM) Price Target Raised on Stronger Upstream Performance XOM -1.01% Add to/Remove from Watchlist By Sam Boughedda Wells Fargo's price target for Exxon Mobil (NYSE: ) Corporation was raised to $116 from $109, with its Overweight rating maintained on Friday.

Analysts made quarter-end adjustments, also raising estimates for the oil and gas company.

Our new/old EPS estimates for 2022, 2023 and 2024 are $12.79/$12.50, $8.99/$8.57 and $8.15/$7.48."

They said his firm remains in the minority view among Exxon's sell-side coverage with their Overweight rating.

Given our 2023E and 2024E EPS estimates are in line with and below consensus, respectively, it appears the market remains in a 'show me' state of mind."
Source: Investing.com
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