Exxon Mobil Hits New 1-Year High on Analyst Upgrade

Shares of the oil and gas giant reach a new 52-week high after Barclays raises price target.

Mar. 17, 2026 at 4:18pm

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Shares of Exxon Mobil Corporation (NYSE:XOM) reached a new 52-week high on Tuesday after Barclays upgraded the stock and raised its price target from $145 to $163. The stock traded as high as $159.95 before closing at $160.25 with over 4.9 million shares traded.

Why it matters

Exxon Mobil is one of the world's largest integrated oil and gas companies, so its stock performance is closely watched as an indicator of the broader energy sector. The new 52-week high suggests growing investor confidence in the company's outlook, despite ongoing challenges in the industry.

The details

Barclays maintained its overweight rating on Exxon Mobil and raised its price target, citing the company's strong operational performance and improving market conditions. Several other analysts have also issued positive reports on Exxon Mobil in recent weeks, further boosting investor sentiment.

  • Exxon Mobil stock reached a new 52-week high on Tuesday, March 17, 2026.

The players

Exxon Mobil Corporation

A major integrated oil and gas company engaged in exploration, production, refining, and marketing of petroleum products.

Barclays

A multinational investment bank and financial services company that upgraded Exxon Mobil's stock and raised its price target.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Exxon Mobil's new 52-week high reflects growing investor optimism about the company's prospects, even as the broader energy sector faces ongoing challenges. The stock's performance will continue to be closely watched as an indicator of the industry's health.