OVV - Exxon surges within a dollar of its all-time closing high as analysts jump in

Exxon Mobil (NYSE:XOM) closed +4.6% in Tuesday's trading to easily breach $100 and reach its highest level in eight years, closing less than a dollar from its all-time closing high of $104.38 set on June 23, 2014. Exxon (XOM) enjoyed some Wall Street love from Evercore ISI, which upgraded the oil giant to Outperform and hiked its price target to $120 from $88, saying the shares remain cheap despite surging this year alongside crude oil markets. Credit Suisse raised its price target to $115 from $102 and upped its estimates for full-year operating EPS, citing rising natural gas prices and strength in refining earnings. Exxon (XOM) also is poised to win a stake in the expansion of the world's largest liquefied natural gas project offshore Qatar. The stock was one of the day's top five gainers on the S&P 500, joining leader APA Corp. (APA) +5.8%, which posted a 52-week high,

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Exxon surges within a dollar of its all-time closing high as analysts jump in