10 October 2022 | Other

Wells Fargo pushes its price target for Exxon Mobil stocks

The Wells Fargo holding company's price target for Exxon Mobil Corp. has been hiked from $109 to $116. Meanwhile, its "above-market" rating held steady, according to data released Friday.

Wells Fargo analysts adjusted their forecasts, enhancing the oil corporation's quarterly earnings estimate. 

"We are increasing our earnings per share (EPS) / cash flow outlook for the third quarter of this year. This is due to higher performance in the oil exploration and production, along with energy and specialty materials segments. These indicators, in turn, are offset by lower performance in chemicals," the experts noted. 

Company MarketCheese
Brent sell
Period: 15.09.2025 Expectation: 100 pips
Selling Brent down to $66.10 per barrel
05 September 2025 206
Period: 12.08.2025 Expectation: 1300 pips
GBPUSD gains as markets await US employment data
05 September 2025 185
Period: 11.09.2025 Expectation: 500 pips
AUDCAD eyes 6-month high upon breaking 0.9 resistance
05 September 2025 180
Brent sell
Period: 12.09.2025 Expectation: 215 pips
Brent is poised for short-term rebound
05 September 2025 181
Period: 11.09.2025 Expectation: 42000 pips
Buying ETHUSD targeting $4,790 as price eyes upper channel breakout
04 September 2025 221
Brent sell
Period: 31.10.2025 Expectation: 175 pips
Selling Brent from $68.6
04 September 2025 61
Go to forecasts