Analyst Manav Gupta from UBS maintained a Buy rating on Exxon Mobil and increased the price target to $171.00 from $145.00.
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Manav Gupta has given his Buy rating due to a combination of factors linked to Exxon Mobil’s unique helium position and the current global supply shock. With Qatar’s large Ras Laffan complex offline and the Strait of Hormuz effectively shut to Western shipping, a significant portion of global helium capacity is disrupted, tightening supply and pushing spot prices sharply higher.
Exxon Mobil’s LaBarge facility in Wyoming, which contributes roughly one‑fifth of world helium output, remains fully operational, has decades of remaining resource, and can produce about 1.4 bcf of Grade A helium annually. Under higher price scenarios, Gupta estimates that each $100/Mcf increase in helium prices could translate into roughly $119–$140 million of incremental EBITDA, supporting stronger cash flows and underpinning his positive view on the stock.
In another report released on April 1, TD Cowen also maintained a Buy rating on the stock with a $175.00 price target.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of XOM in relation to earlier this year.