Bank Of Montreal Expands Investment Offerings With New ETNs, Bitcoin Bet

Written by Emily J. Thompson, Senior Investment Analyst

XOM+0.02%

BNKU+2.14%

PSX+0.2%

Source: Benzinga

Updated: Feb 21 2025

0mins

Source: Benzinga

BMO Launches New ETNs: The Bank of Montreal has introduced five new exchange-traded notes (ETNs) focused on the energy and financial sectors, allowing investors to leverage or bet against major oil and bank stocks.
Significant Bitcoin ETF Investment: BMO has significantly increased its Bitcoin ETF holdings from $13 million to $150 million, indicating a strong institutional interest in cryptocurrency.

XOM

$133.64+Infinity%1D

Analyst Views on XOM

Wall Street analysts forecast XOM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for XOM is 132.17 USD with a low forecast of 114.00 USD and a high forecast of 158.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

19 Analyst Rating

12 Buy

7 Hold

0 Sell

Moderate Buy

Current: 133.610

Low

114.00

Averages

132.17

High

158.00

Current: 133.610

Low

114.00

Averages

132.17

High

158.00

Barclays

Betty Jiang

Overweight

maintain

$130 -> $140

2026-01-21

New

Reason

Barclays

Betty Jiang

Price Target

$130 -> $140

AI Analysis

2026-01-21

New

maintain

Overweight

Reason

Barclays analyst Betty Jiang raised the firm's price target on Exxon Mobil to $140 from $130 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the exploration and production group as part of a Q4 preview. The upstream sector's cash return model "remains resilient" amid macro volatility, the analyst tells investors in a research note. Barclays see attractive opportunities in U.S. onshore. It tells investors to "tread carefully" through the near-term commodity uncertainty.

JPMorgan

Arun Jayaram

Overweight

maintain

$124 -> $133

2026-01-20

New

Reason

JPMorgan

Arun Jayaram

Price Target

$124 -> $133

2026-01-20

New

maintain

Overweight

Reason

JPMorgan analyst Arun Jayaram raised the firm's price target on Exxon Mobil to $133 from $124 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the integrated oils sector as part of its 2026 outlook. The outlook for the group continues to shaped by supply side risks for oil, but a more constructive outlook downstream, the analyst tells investors in a research note. Amid the rise in geopolitical risks, JPMorgan says the U.S. majors screen more attractive than the Canadian integrateds. It cites relative valuations for the rating changes.

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Scotiabank

Paul Cheng

Outperform

downgrade

$155 -> $128

2026-01-16

Reason

Scotiabank

Paul Cheng

Price Target

$155 -> $128

2026-01-16

downgrade

Outperform

Reason

Scotiabank analyst Paul Cheng lowered the firm's price target on Exxon Mobil to $128 from $155 and keeps an Outperform rating on the shares. The firm is updating its price targets for U.S. Integrated Oil, Refining, and Large Cap Exploration & Production, E&P, stocks under its coverage, the analyst tells investors. Scotiabank expects earnings for the quarter to be straightforward due to the absence of major winter weather disruptions. Additionally, looking ahead, the firm expects investors to focus on whether recent market turmoil will cause changes to 2026 guidance and if any E&P companies will adopt cost reduction programs.

Piper Sandler

Overweight

NULL

downgrade

$144 -> $142

2026-01-08

Reason

Piper Sandler

Price Target

$144 -> $142

2026-01-08

downgrade

Overweight

NULL

Reason

Piper Sandler lowered the firm's price target on Exxon Mobil to $142 from $144 and keeps an Overweight rating on the shares. The firm says that entering 2026, while the chairs have shuffled around a bit, the song remains similar to twelve months ago - a bearish crude outlook that is likely to make it difficult for the sector to outperform the broader market. On the flip side, Piper sees the refining market as even better than 2025, driven by what it expects to be incrementally tighter S/D and crude differential tailwinds.

About XOM

Exxon Mobil Corporation is an energy provider and chemical manufacturer. The Company’s principal business involves exploration for, and production of, crude oil and natural gas; the manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals and a wide variety of specialty products; and pursuit of lower-emission and other new business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, Proxxima systems, carbon materials, and lithium. Its Upstream segment explores for and produces crude oil and natural gas. The Energy Products, Chemical Products, and Specialty Products segments manufacture and sell petroleum products and petrochemicals. Energy Products segment includes fuels, aromatics, and catalysts and licensing. Chemical Products segment consists of olefins, polyolefins, and intermediates. Specialty Products segment includes finished lubricants, basestocks and waxes, synthetics, and elastomers and resins.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.