Barclays Raises ExxonMobil (XOM) Price Target to $200

On October 19, 2026, Barclays maintained its Overweight rating on ExxonMobil Holdings Corporation (NYSE: XOM) while raising its price target from $177 to $200. The research note arrived as the energy company's shares closed at $178.28 on the day of the announcement.

XOM ExxonMobil Holdings Corporation

$177.32 ▲ +47.47% year to date

1M 3M YTD

Daily close · Oct 20, 2026

Barclays's Call on ExxonMobil

In its October 19 research note, Barclays kept an optimistic stance on the oil and gas producer by reaffirming its Overweight rating. The firm also bumped up its target price to $200 from its prior target of $177. This adjustment places the target near the upper end of Wall Street expectations for the company.

ExxonMobil Holdings Corporation Stock Down 0.6%

Shares recently traded around $178.29 as of October 19, putting them right near the company's 52-week high of $178.69. The stock is trading comfortably above its 50-day moving average of $163.21 and its 200-day moving average of $151.43. ExxonMobil carries a market capitalization of roughly $718.27 billion and a trailing P/E ratio of 22.48.

Recent Earnings

For its trailing twelve-month period, ExxonMobil generated $361.06 billion in revenue and reported earnings of $7.77 per share. The company posted a net profit margin of 9.1% and a return on equity of 12.6%. Investors can look ahead to the next earnings report scheduled for October 30, 2026.

Dividend

The company offers an annual dividend yield of 2.36%, backed by a dividend payout ratio of 52.5%.

Insider Buying and Selling at ExxonMobil Holdings Corporation

Earlier in the year, officer Darrin L Talley completed multiple transactions involving company shares. On February 2, 2026, Talley disposed of 5,000 shares valued at $698,753. Later, on February 9, Talley sold 3,230 shares at an average price of $149.18 for a total of $481,835. Additional sales took place on March 2, when 2,150 shares were sold at $157.82 apiece worth $339,313, and on March 16, when 1,080 shares went for $155.50 each totaling $167,935.

Analysts Set New Price Targets

Wall Street firms have regularly updated their views on the energy titan over the past couple of months. On September 3, Piper Sandler maintained its Neutral rating and moved its price target from $158 to $185. TD Cowen maintained a Buy rating on September 28 and raised its target from $168 to $180. Wells Fargo followed on October 1, downgrading the stock to an Equal-Weight rating with a $182 target. Shortly before Barclays' note, Morgan Stanley maintained its Overweight rating on October 15 while lifting its target from $177 to $185. Overall, the company holds a consensus recommendation key of buy from 22 analyst opinions, with a mean price target of $174.

About ExxonMobil

ExxonMobil Holdings Corporation is a major energy enterprise based in Spring, Texas. The company explores for and produces crude oil and natural gas across international markets, while also operating segments that manufacture chemical products, fuels, aromatics, and specialty items.

Bottom Line

Barclays' decision to lift its price target to $200 highlights continued institutional attention on the energy sector. Investors will likely look next to the company's upcoming earnings release on October 30, 2026, for further updates on financial performance.