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Stocks That Fell to 3-Year Lows in the Week of Jan. 24

Exxon Mobil Corp. (NYSE:XOM), Simon Property Group Inc. (NYSE:SPG), Westpac Banking Corp. (NYSE:WBK) and Franklin Resources Inc. (NYSE:BEN) have declined to their three-year lows.

Exxon Mobil declined to $66.32

The price of Exxon Mobil shares declined to $66.32 on Jan. 24, which is only 2.5% above the three-year low of $64.65.

Exxon Mobil is an American oil and gas corporation. The company is the largest direct descendant of John D. Rockefeller's Standard Oil Company and was ranked second in the Fortune 500 rankings of the largest U.S. corporations by total revenue in 2018.


The company has a market cap of $280.61 billion; its shares were traded around $66.32 with a price-earnings ratio of 19.27 and a price-sales ratio of 1.09. The trailing 12-month dividend yield is 5.17%. The forward dividend yield is 5.21%.

On Dec. 30, Exxon Mobil announced it has acquired more than 1.7 million acres for exploration in offshore Egypt. The acquisition includes area in the 1.2 million North Marakia Offshore block five miles offshore Egypt's northern coast, while the remaining 543,000 acres is in the North East El Amriya Offshore block in the Nile Delta. Exploration operations in the new acquisition is set to begin later this year.

Simon Property Group declined to $144.82

The price of Simon Property Group Inc. (NYSE:SPG) shares declined to $144.82 on Jan. 24, which is only 1.7% above the three-year low of $142.40.

Simon Property Group is currently the largest real estate investment trust and largest shopping mall operator in the U.S. The company operates from five retail real estate platforms, including regional malls, premium outlet centers, The Mills, community centers and international properties.

Simon Property Group has a market cap of $44.44 billion; its shares were traded around $144.82 with a price-earnings ratio of 19.44 and a price-sales ratio of 7.78. The trailing 12-month dividend yield is 5.74%. The forward dividend yield is 5.70%. Simon Property Group had an annual average earnings growth of 4.90% over the past 10 years.

On Jan. 16, Simon Property Group announced the expansion of Happy Returns service to additional participating centers. This will enable more shoppers to return online purchases at Simon Guest Services locations for immediate refunds. The pilot program began in 2017 at five Simon shopping locations, and now with the recent expansion the service is now in 52 locations.

Westpac Banking declined to $17.07

The price of Westpac Banking shares declined to $17.07 on Jan. 24, which is only 4.7% above the three-year low of $16.27.

Westpac is an Australian bank and financial services provider that is one of Australia's "big four" banks. As of March 2018, the company has approximately 14 million customers and employs 40,000 people.

Westpac has a market cap of $32.56 billion; its shares were traded around $17.07 with a price-earnings ratio of 13.14 and a price-sales ratio of 4.17. The trailing 12-month dividend yield is 7.07%. The forward dividend yield is 6.43%.

On Jan. 23, Westpac Banking announced the appointment of John McFarlane to the company's board as non-executive director and chairman-elect, succeeding Lindsay Maxsted. The appointment is effective on April 2, 2020. McFarlane will commence his role as non-executive director in February. He was most recently chairman at Barclays in London. Prior to this position, McFarlane delivered a successful turnaround program at U.K. insurer Aviva.

Franklin Resources declined to $25.26

The price of Franklin Resources shares declined to $25.26 on Jan. 24, which is only 2.1% above the three-year low of $24.73.

Franklin Resources is an investment management company that provides services to retail, institutional and sovereign wealth clients in over 170 countries. The company is also a component of the S&P 500.

Franklin Resources has a market cap of $12.61 billion; its shares were traded around $25.26 with a price-earnings ratio of 10.77 and a price-sales ratio of 2.21. The trailing 12-month dividend yield is 4.16%. The forward dividend yield is 4.21%. Franklin Resources had an annual average earnings growth of 3.70% over the past 10 years.

On Jan. 22, Franklin Resources announced that Fiduciary Trust Company, a wholly owned subsidiary, has entered into an agreement to acquire The Pennsylvania Trust Company, a wealth management firm in Philadelphia. The acquisition will strengthen Fiduciary Trust's offerings for servicing multiple generations of high-net-worth clients and will allow the subsidiary to expand its presence in the Philadelphia marketplace.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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This article first appeared on GuruFocus.