Zacks.com users have recently been watching Exxon (XOM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Exxon Mobil's stock continues to underperform the market, and investors should have expected that. Short-term headwinds for the stock remain, and we might see better entry points in the next 12-month period. Exxon, however, remains well-positioned in the long run, which makes the stock a solid hold for the time being.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Exxon is in an elite group of dividend stocks.
Exxon Mobil Corporation is a great company with a fantastic portfolio of low-cost assets. The company is continuing to pay a respectable growing dividends and buyback stock, but returns are capped by FCF. With short-term price concerns and long-term demand concerns, the company's yield isn't high enough to justify investing.
In addition to its traditional upstream and downstream energy operations, XOM is entering the lithium market, a major component in electric vehicle batteries.
Shares of Exxon Mobil Corp XOM climbed in early trading on Monday, after the company reported upbeat third-quarter earnings.
Although Exxon Mobil beat earnings and raised the dividend, earnings growth trajectories are still negative when looking at the last 3 years of growth. This is my largest holding due to a large bet in 2020, but I am now not adding at this time. Exxon is finally selling at a premium to the Graham Number, signaling it may not be a great time to buy.
ExxonMobil delivered industry-leading results and shareholder returns in the third quarter.
XOM Q3 earnings gain on production growth from its Guyana and Permian Basin resources. Revenues decline year-over-year over lower commodity price realizations.
Exxon Mobil Corporation (NYSE:XOM ) Q3 2024 Earnings Conference Call November 1, 2024 9:30 AM ET Company Participants Jim Chapman - Treasurer, and Vice President of Investor Relations Darren Woods - Chairman, and Chief Executive Officer Kathy Mikells - Senior Vice President, and Chief Financial Officer Conference Call Participants Devin McDermott - Morgan Stanley Neil Mehta - Goldman Sachs Doug Leggett - Wolfe Research John Royall - J.P. Morgan Betty Jiang - Barclays Capital Bob Brackett - Bernstein Research Jean Ann Salisbury - Bank of America Biraj Borkhataria - RBC Capital Markets Ryan Todd - Piper Sandler Paul Cheng - Scotiabank Jason Gabelman - Cowen & Company Roger Read - Wells Fargo Jim Chapman Good morning, everyone.
Exxon Mobil chairman and CEO Darren Woods discusses the California lawsuit against the company.