The FX PostThe FX Post
    What's Hot

    Analysts see Bitcoin at $100,000 soon

    May 8, 2025

    Spartan Delta Corp. Announces First Quarter 2025 Results

    May 7, 2025

    XRP trading volume steady at $3.2B in Q1, but XRPL activity contracts sharply · Cardano Feed

    May 6, 2025
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Exxon Mobil Corp’s Stock Bounces Back on Upgraded Rating
    News

    Exxon Mobil Corp’s Stock Bounces Back on Upgraded Rating

    November 17, 20232 Mins Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Exxon Mobil Corp. (XOM) shares have seen a 0.9% increase in premarket trading on Friday following an upgrade by Gerdes Energy Research. The upgrade comes after a recent selloff in the stock, with Exxon’s shares plummeting 14.8% since reaching a record high of $120.20 on September 27. However, the stock managed to bounce back slightly on Friday.

    The decline in Exxon’s stock price aligns with the drop in crude oil futures, which have plunged 22.2% over the same period. Nevertheless, crude oil futures experienced a 1.2% increase on Friday.

    John Gerdes, an analyst at Gerdes Energy Research, raised his rating on Exxon from neutral to buy, citing the stock’s valuation after the recent decline. Despite the upgrade, Gerdes maintained his stock price target at $123, which still suggests a 20% potential upside from Thursday’s closing price.

    Some factors contributing to Gerdes’ optimistic outlook are Exxon’s expansion efforts in the Permian Basin through the acquisition of Pioneer Natural Resources Co. (PXD), as well as its operations in Guyana. These growth drivers have influenced Gerdes’ decision to shift back to a bullish stance.

    Year-to-date, Exxon Mobil Corp.’s stock has decreased by 7.1%, while the S&P 500 has shown a growth of 17.4%. Similarly, crude oil futures have experienced an 8.1% decline this year.

    This latest development indicates a potential turnaround for Exxon as it aims to regain its footing in the market.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    Crude Oil Futures Exxon Mobil Corp Gerdes Energy Research Stock Rating
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    Analysts see Bitcoin at $100,000 soon

    May 8, 2025

    Spartan Delta Corp. Announces First Quarter 2025 Results

    May 7, 2025

    XRP trading volume steady at $3.2B in Q1, but XRPL activity contracts sharply · Cardano Feed

    May 6, 2025

    Totally free Bucks, Bonus Drops, and Match Also provides from Golden Grimoire Rtp $1 deposit the Wager Big Dollars Casino – América Digital

    May 5, 2025
    Add A Comment

    Leave A Reply Cancel Reply

    2  +  2  =  

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • Analysts see Bitcoin at $100,000 soon
    • Spartan Delta Corp. Announces First Quarter 2025 Results
    • XRP trading volume steady at $3.2B in Q1, but XRPL activity contracts sharply · Cardano Feed
    • Totally free Bucks, Bonus Drops, and Match Also provides from Golden Grimoire Rtp $1 deposit the Wager Big Dollars Casino – América Digital
    • Bitcoin to $1M ‘by 2029,’ CIA tips its hat to Bitcoin: Hodler’s Digest, April 27 – May 3
    Featured Reviews

    Traders Connect Review

    May 18, 2023

    System Levels Review

    May 26, 2023
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Crypto Robot
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2025, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.