Mizuho raises price target on energy companies
17/03/2026 14:02
** Mizuho raises price target on energy companies citing a higher oil-price deck and reduced risk of 2026 oversupply ** "In our view, just one month of displaced crude output from the Middle East reduces the anticipated F2026 oversupply in global oil markets. The situation remains fluid, but the probability of low-50s Brent.... is negligible at this point" - Mizuho Brokerage raises price targets on the following companies:
| Company | Old PT | New PT | Upside/Downside to the stock's last close |
| Exxon Mobil XOM.N | $140 | $162 | 3% |
| Chevron CVX.N | $206 | $217 | 10.2% |
| Phillips 66 PSX.N | $152 | $170 | (2%) |
| Diamondback Energy FANG.O | $205 | $220 | 20.6% |
| Marathon Petroleum MPC.N | $205 | $224 | (2.1%) |
| Valero Energy VLO.N | $197 | $222 | (4.5%) |
| ConocoPhillips COP.N | $121 | $136 | 12.1% |
| Coterra Energy CTRA.N | $36 | $43 | ~33% |
| EOG Resources EOG.N | $134 | $146 | 8.5% |
Recent news on Valero Energy
See all newsUS refining capacity fell by 263,000 barrels per day in 2025, says EIA (updated)
Energy companies slide as US, Iran reach deal to reopen Strait of Hormuz
US energy shares slump as Iran deal lowers Hormuz supply disruption risk (updated)
Energy shares fall as Iran deal lowers Hormuz disruption risk
Brief: Valero Houston, Texas Refinery Reports Concluded Maintenance