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Exxon stock price ticked up to $112

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Exxon stock price ticked up to $112.25, underpinned by dividend reinvestment flows. The 3.3% yield remains attractive compared to broader index averages in a rising rate environment. Shares in the company closed down 2.5% in the previous session, and were trending lower in early trading on Tuesday, according to data from Benzinga Pro . Exxon Mobil has a consensus rating of "Overweight" and a price target of $124.43 based on the ratings of 24 analysts. The price target implies more than 16% potential upside from the current stock price. Exxon stock price sustained gains to $111.90 despite weaker S&P 500 futures. Hedge funds have increased long exposure in integrated oil stocks anticipating robust Q3 dividend yields.