Exxon Mobil Stock Sets New All-Time High

Exxon Mobil Corporation XOM shares set a new all-time high Thursday. Here's a look at what to know.

What To Know:

Exxon Mobil shares reached a new all-time high of $120.70 on Thursday and continue to trade around the $120 mark as the price of crude oil continues its recent rally. 

Crude oil is currently trading above $92 per barrel and climbed over $95 per barrel on Wednesday for the first time in over a year. 

As the price of oil continues to rise, some analysts updated their coverage and price targets on XOM earlier this week:

• Mizuho analyst Nitin Kumar reiterated Exxon Mobil with a Buy and maintained a $139 price target.
• Morgan Stanley analyst Devin McDermott maintained Exxon Mobil with a rating of Overweight and raised the price target from $124 to $131.

Related News: What's Going On With Palantir Technologies Stock? 

XOM Price Action: According to Benzinga Pro, Exxon Mobil Corporation shares are  down 0.1% at $120.00 at the time of publication.

Image: David Roumanetf rom Pixabay