12 Best American Energy Stocks to Buy Now

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1. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 93

Exxon Mobil Corporation (NYSE:XOM) is one of the best American energy stocks to buy now. On January 16, Scotiabank reduced its price target on Exxon Mobil Corporation (NYSE:XOM) from $155 to $128 and maintained its Outperform rating on the stock.

The research firm is updating its price targets for US integrated oil companies, refining companies, and large-cap exploration and production stocks that it covers. Scotiabank expects quarterly earnings to be straightforward, as there were no major winter weather disruptions. Looking ahead, the firm also believes that investors will focus on whether recent market volatility will lead to changes in companies’ 2026 guidance and whether any exploration and production companies will introduce cost-cutting programs.

In other news, Wolfe Research also lowered its price target on Exxon Mobil Corporation (NYSE:XOM) from $141 to $140 and kept an Outperform rating on the stock. The firm sees Exxon Mobil Corporation (NYSE:XOM) as one of the top performers in the oil sector heading into 2026, citing solid execution and attractive valuation compared to peers.

Wolfe Research also noted that the company is showing strong momentum and the potential for faster free cash flow growth. The firm views Exxon Mobil Corporation (NYSE:XOM) as undervalued with best-in-class visibility and a good execution record that has consistently outperformed targets.

Exxon Mobil Corporation (NYSE:XOM) is an American energy and petrochemical company that manages an industry-leading portfolio of resources.

While we acknowledge the potential of XOM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XOM and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Best NYSE Stocks to Buy According to Analysts and 12 Stocks that Will Bounce Back According to Wall Street Analysts.

Disclosure: None.

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