|Bid||82.630 x 1500|
|Ask||82.640 x 700|
|Day's Range||82.545 - 83.391|
|52 Week Range||76.050 - 93.220|
|PE Ratio (TTM)||29.79|
|Forward Dividend & Yield||3.08 (3.84%)|
|1y Target Est||N/A|
The Dow Jones Industrial Average is getting a jump today as International Business Machines Corp. (NYSE:IBM) shares are trading almost 10% higher after better-than-expected earnings results. The move isn’t as strong in the S&P 500 and Nasdaq Composite as the broader markets are moving sideways. The string of new highs on the major exchanges is starting to push a number of stock charts into overbought territory ahead of their earnings reports.
The Mont Belvieu plant opened the first of two polyethylene lines that are part of a multi-billion-dollar expansion in the Baytown, Texas, area.
The threat last week of another tropical storm aimed at Gulf Coast refineries and Gulf production platforms cut crude oil supplies and slowed imports, exports, and refined products production.
There are a few surprises in reviewing the disclosed equity portfolio of ExxonMobil Investment Management. The ExxonMobil (XOM) unit invests in public equity markets in the U.S. on behalf of insurance-company accounts related to employee benefit plans, pension and profit-sharing plans, and pooled investment vehicles, according to S&P Capital IQ. The most interesting thing about its holdings may be that the most valuable individual investment is in Apple (AAPL), which was valued at $145.4 million as of Sept. 30.
ExxonMobil (XOM) has seen a rise in its short interest (as a percentage of outstanding shares) from 0.8% at the end of July to its current level of 0.9%.
The world’s biggest oil companies have defended their giant bets on natural gas at a major energy conference, saying demand will soon emerge for the huge supplies of fuel they are bringing to the market....
With the new lower-for-longer oil price environment and the rise of renewable energy, natural gas is set to become a key bridge fuel in the energy mix
Oil majors are most likely to diversify into Petrochemicals within the next 10 to 15 years as demand for conventional fuels is nearing a peak
Exxon Mobil began production at a new petrochemical facility in Mont Belvieu, Texas, just two months after Hurricane Harvey pummeled the area.
Exxon Mobil Corporation (NYSE:XOM) stock is stuck in no-man’s land. Since 2016, XOM stock has pretty much just bounced around in the 80s. It has been a sell when it has hit $90 and a buy when it breaks below $80.Source: Mike Mozart via Flickr (Modified)
Of the 26 analysts covering ExxonMobil (XOM) stock, eight (31%) have assigned a “buy” or “strong buy” rating, while 12 (46%) have assigned “hold” ratings.
The implied volatility of XOM stock has fallen from 14.5% on July 3, 2017, to 12.7%. During the same period, ExxonMobil stock has risen 0.4%.
On July 3, 2017, ExxonMobil’s 50-day moving average was below its 200-day moving average. Prior to that, the stock had been volatile in anticipation of its 2Q17 earnings.
Oil prices jumped last week on rising geopolitical tensions and a government report that showed a surprise drop in crude inventories.
The overall rise in WTI (West Texas Intermediate) prices since July 3 has likely led ExxonMobil stock to deliver a positive return.
ExxonMobil’s (XOM) Upstream earnings rose to ~$1.2 billion in 2Q17 from $294 million 2Q16 due to a year-over-year surge in crude oil prices in 2Q17.
ExxonMobil (XOM) is expected to post its 3Q17 results on October 27, 2017. In 2Q17, XOM’s revenues surpassed Wall Street's estimates by 2%.
Year-to-date, the Energy Select Sector SPDR (ETF) (NYSEARCA:XLE) is down 10%, but of late it’s has a nice rally. This one tucks in nicely in mine as I have been long Exxon Mobil Corporation (NYSE:XOM) stock, but recently booked my profits. Specifically XOM and Chevron Corporation (NYSE:CVX), as they constitute almost 40% of the exchange-traded fund. Schlumberger Limited.