Morgan Stanley Raises ExxonMobil (XOM) Price Target to $185

Morgan Stanley has reaffirmed its Overweight rating on ExxonMobil Holdings Corporation (XOM) and increased its price target from $177 to $185 on October 15, 2026.

Morgan Stanley's Call on ExxonMobil

Morgan Stanley maintains its bullish outlook on ExxonMobil, raising the price target to $185. This is an increase from the previous target of $177. The recent trading price of $177.91 is slightly below the new target, suggesting potential for growth.

Other Institutional Activity in ExxonMobil

Blackrock Inc. grew its holdings by 12,005,948 shares, ending with 334,746,496 shares worth about $59.9 billion. In contrast, Vanguard Capital Management LLC trimmed its stake by 461,028 shares, bringing its total to 270,731,921 shares valued at approximately $48.5 billion. State Street Corporation reduced its holdings by 7,101,927 shares, now holding 206,811,526 shares worth around $37.0 billion. FMR, LLC also decreased its position by 2,268,080 shares, holding a total of 137,736,841 shares valued at about $24.7 billion. Vanguard Portfolio Management LLC added 1,063,791 shares, increasing its total to 116,693,258 shares worth about $20.9 billion.

ExxonMobil Holdings Corporation Stock Up 1.1%

ExxonMobil shares recently traded around $177.91, which is about 9% above its 50-day moving average of $163.21 and 17.5% above its 200-day average of $151.43. The stock is currently 0.4% below its 52-week high of $178.69 and 60% above its 52-week low of $111.18.

Recent Earnings

ExxonMobil reported trailing twelve-month revenue of about $361.1 billion, with a net margin of 9.1% and an ROE of 12.6%. The company is set to announce its next earnings on October 30, 2026.

Insider Buying and Selling at ExxonMobil Holdings Corporation

Darrin L. Talley, an officer at ExxonMobil, sold 5,000 shares on February 2, 2026, valued at approximately $698,753. He also sold 3,230 shares at an average price of $149.18 on February 9, 2026, totaling about $481,835. Talley sold 2,150 shares on March 2, 2026, for about $339,313, and another 1,080 shares on March 16, 2026, valued at about $167,935.

Analysts Set New Price Targets

On October 15, 2026, Morgan Stanley maintained its Overweight rating on ExxonMobil with a new price target of $185. Piper Sandler has a Neutral rating with a target of $185, while TD Cowen maintains a Buy rating with a target of $180. The consensus target price among analysts is $174, suggesting a generally positive outlook on the stock.

About ExxonMobil

ExxonMobil Holdings Corporation is involved in the exploration and production of crude oil and natural gas across the globe. It operates through various segments, including Upstream and Energy Products, which provide fuels and other services. The recent analyst actions indicate confidence in its performance potential as energy markets evolve.

Bottom Line

Investors should keep an eye on ExxonMobil's next earnings report scheduled for October 30, 2026, and watch for further analyst updates. Morgan Stanley's reaffirmation of its Overweight rating highlights ongoing confidence in the company's prospects.