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CNBC Stock Blog
As the price of oil hovered above $64 a barrel Tuesday, Barclays made sweeping changes to its price targets and ratings for some of the biggest players in the crude industry.
Barclays raised Hess Corp [HES
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] to overweight from equal weight, sending shares of the oil company more than 2 percent higher in pre-market trading.
But Alon USA Energy [ALJ
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] saw its Barclays price target cut to $8 from $9 with an underweight rating. Alon’s shares closed 7.7 percent lower at $9.46 Monday.
Barclays dropped its price target for Chevron [CVX
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] to $96 from $99, which is still way above its Monday close price of $64.14.
ConocoPhillips [COP
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] saw its Barclays price target edge down from $61 to $59. It closed at $40.83 Monday.
The price target for Exxon Mobil [XOM
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] was upped by Barclays to $91 from $87. It closed Monday at $68.10.
Barclays cut Marathon Oil’s [MRO
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] price target to $38 from $39, which is still more than double its close price of $28.76.
Murphy Oil [MUR
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] saw its Barclays price target rise to $73 from $72, even higher above its Monday close of $51.10.
Petro Canada’s [PCZ
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] price target got cut by Barclays to C$63 from C$64, but had an overweight rating.
Also in Canada, Suncor Energy [SU
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] had its price target reduced to C$49 from C$50 by Barclays.








