|Bid||68.30 x 3200|
|Ask||68.35 x 800|
|Day's Range||67.27 - 68.46|
|52 Week Range||64.65 - 87.36|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||16.46|
|Earnings Date||Oct 31, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||3.48 (5.17%)|
|1y Target Est||82.74|
Exxon Mobil (XOM) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
At a time when many investors are assessing the international exposure of their equity holdings, it pays to evaluate that issue from the sector level. Last year, the S&P 500 got 43% of its sales from outside the U.S., down from 44% in 2017, but that percentage varies from sector to sector. “The latest volatility in the S&P 500 Index has been driven in part by the ongoing and often escalating trade tensions between the U.S. and China,” said CFRA Research Director of ETF & Mutual Fund Research Todd Rosenbluth in a recent note.
ExxonMobil Asia Pacific has signed a two-year time charter agreement with Singapore-based Sinanju Tankers Holdings Pte Ltd to lease Singapore's first liquefied natural gas (LNG) powered bunker tanker, Sinanju said in an statement on Friday. The 7,990 deadweight tonnage (dwt) new build will be the first LNG bunker tanker for Singapore and Sinanju and will deliver ExxonMobil's new Engineered Marine Fuels (EMF.5) to ocean-going vessels within Singapore port limits from the first quarter of next year.
Lower RIN costs, completion of the Alkylation project at the Krotz Springs refinery and higher crack spreads buoy Delek US Holdings' (DK) refining unit in second-quarter 2019.
Papua New Guinea has sent a team to Singapore to renegotiate its Papua LNG agreement with French oil major Total SA, the nation's petroleum minister said in a statement on Thursday, warning the talks could end "disastrously" for the gas project. The strong language from minister Kerenga Kua marked an about-turn from a statement 10 days earlier, when he announced the new government would stand by the gas deal agreed by the previous government with Total in April, with some minor changes.
Shares of Exxon Mobil (NYSE:XOM) have been struggling lately. XOM stock is now at the lowest levels since the market meltdown last December. Some of this weakness may be attributable to slightly lower oil prices and tariff turmoil. The selling, however, is starting to get a little overdone. Time to be a buyer of Exxon Mobil stock on any further dip.Source: Shutterstock Exxon Mobil reported earnings on Aug. 2. EPS of 73 cents handily beat consensus estimates of 66 cents. Revenues trounced analysts estimates, coming in at $69.09 billion versus $65.2 billion consensus. This marked the third time in the last four quarters that it has exceeded expectations, yet XOM stock is down in that same time frame. This combination of a lower stock price and higher earnings certainly makes Exxon stock a solid value play at current prices. Click to Enlarge Exxon Mobil just hit a 5% yield, by far the highest level in the past five years. It is also more than triple the yield on the 10-year Treasury. The payout ratio is only 80%, so the dividend is certainly safe for the foreseeable future. Income investors will likely start to gravitate towards higher yielding blue chips like XOM stock as interest rates continue to plummet.InvestorPlace - Stock Market News, Stock Advice & Trading TipsValuations are looking attractive as well at current levels for XOM stock. Traditional metrics such as price to earnings, price to book and price to free cash flow are all well below the five-year average. Price to sales is nearing 1 and is at the cheapest multiple in four years. * 15 Growth Stocks to Buy for the Long Haul The last time Exxon Mobil stock was this cheap on a fundamental basis marked a significant low in the XOM stock price. XOM Stock by the Numbers Click to Enlarge Technicals are also pointing to a potential rally for XOM. There is significant support for Exxon Mobil stock near the $70 area. The five-day RSI reached oversold levels that corresponded to lows in the past. MACD also reached extremes that typified a bottom for the stock.XOM stock is trading well below the 20-day moving average which has been a precursor to a pop in the past.More importantly, Exxon Mobil is trading at a big discount to oil prices. Normally, XOM stock is fairly well correlated to the price of oil -- as one would expect for the largest U.S. oil company. Recently, however, that correlation has broken down, with XOM being a big underperformer. I expect that correlation to converge and for Exxon Mobil stock to be a relative outperformer to oil in the coming months. Click to Enlarge Investors looking for a place to hide out during these tumultuous markets may want to consider XOM stock near current levels. The combination of historically cheap valuations and a rich 5% dividend yield should buffer the downside, while the improving technicals point to a move higher in Exxon Mobil stock price. The recent highs near $77 would be my initial upside price target. Selling a Jan $77.50 covered call would bring in an additional $1.00 worth of option premium and position to be a seller at $78.50.Option traders should consider buying the Jan $70 calls and selling the Jan $72.50 calls for a $1.15 net debit. Maximum risk is the premium paid of $115 with maximum gain of $135. Potential return is 117% if XOM stock closes above $72.50 at January expiration.Tim Biggam may hold some of the aforementioned securities in one or more of his newsletters. Anyone interested in finding out more about Tim and his strategies can go to https://marketfy.com/item/options-and-volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy for the Long Haul * 5 More Cloud Stocks With Plenty of Potential * 5 Clean Energy ETFs to Buy for 2019 The post Exxon Mobil Stock Is Ready to Start Pumping Again appeared first on InvestorPlace.
DOW UPDATE The Dow Jones Industrial Average is in selloff mode Wednesday morning with shares of Exxon Mobil and JPMorgan Chase delivering the stiffest headwinds for the blue-chip average. The Dow (DJIA) was most recently trading 467 points lower (-1.
"We need every ‘ology’ out there" to solve the big challenge facing the energy industry, exec says.
Saudi Aramco, which could command a staggering valuation of $2 trillion when it makes stock market debut in 2020-2021, is the most profitable company in the world.
Energy stocks are out of favor these days and are a victim to the ongoing trade disputes between the U.S. and China. Yet the oil market has a demand and supply imbalance that is hurting oil prices. If crude prices alone dictate where oil stocks head next, why should investors bother with this sector? Exxon Mobil (NYSE: XOM) is a good exception because Exxon sock can take the big swings over the long term.Source: Shutterstock On Aug. 7, EIA Petroleum Inventories rose 2.4 million barrels compared to the expected 2.8 million barrels drop. This data point helped push oil prices to the low $50 range. But the real catalyst to oil prices falling is the U.S. threatening to put another 10% tariff on the remaining $300 billion of goods and products coming from China.Markets are expecting the world economy to slow, weakening the demand for oil. The falling energy prices should not scare investors away because eventually, the U.S. and China must come to a trading agreement. Even if they fail to do so and a recession hits, energy firms are adjusting for the slowing demand.InvestorPlace - Stock Market News, Stock Advice & Trading TipsExxon stock is the most attractive energy play to position for the inevitable rebound in the sector. In the first half of 2019, the company had nine major project FIDs. * 15 Growth Stocks to Buy for the Long Haul It had four deepwater discoveries in Guyana and Cyprus, and it achieved key milestones for PNG and Mozambique LNG. Downstream and Chemical start-ups are offsetting the downward pressure on margins. To top it off, Exxon raised its quarterly dividend by 6%, marking the 37th consecutive year of dividend growth. Opportunity with Exxon StockExxon reported strong earnings of $3.1 billion. It is not slowing capex, which increased to $8.1 billion in 2Q19, up from $6.9 billion reported in the first quarter. In Upstream, liquid realizations improved, but in Downstream, refining industry margins are still at five-year lows.Still, Exxon's cumulative free cash flow and dividends grew since 2010. Recent chemical and refining start-ups will add meaningfully to its earnings and cash flow. Should the energy sector continue to weaken, Exxon will maintain its counter-cyclical investments to capture incremental value.For the third quarter, Exxon forecast lower downstream and chemical scheduled maintenance, which will weigh less on earnings.Asset disposal is another opportunity that may help XOM stock. Management highlighted $15 billion in asset sales. But because Exxon is three months into the three-year program, the benefit of the asset sale will play out slowly. In the meantime, the company has no plans to change its investment plans in value-accretive projects.A commitment to maintain its growing dividend without hurting its financials will please dividend-income investors.The Chemicals unit offers investors an opportunity outside of oil markets. Polyethylene demand grows at around 1.5 times GDP. With robust demand around the world, due to the need for plastics, expect the markets working down the excess capacity very quickly.In the next year, there will be increments of capacity in ethylene and polyethylene coming online, so fundamentals will remain strong. Expect markets working through the excess supply, which are due to new capacity increments, over the next 12 months. After that, a quick rebound in the chemical business is possible. While the market remains soft for at least six months, investors have time to accumulate Exxon stock. Potential HeadwindsExxon forecast Permian and Bakken production growth. In the second quarter, Permian production increased by 20%. But the high concentration of lateral feet per square mile may lead to spacing issues. Exxon is working on plans whereby it will drill multiple horizontal benches at one time. The simultaneous drilling will lower risks.The global softness in gas prices is another potential headwind. Exxon's gas volumes are diversified between U.S. and European markets. So although LNG spot prices in the last six months, its demand growth in Asia is constant. Valuation and Your TakeawayNine analysts covering Exxon stock have an average price target of $82.28. In an EBITDA Multiples Valuation model, investors may assume an LTM EBITDA multiple of around 9 times. In that scenario, Exxon stock is worth ~$80 (per finbox.io). Exxon's strong portfolio allows the company to absorb weak energy pricing and slowing demand for plastics.Yet the portfolio is positioned to accelerate growth as the markets improve. Investors will not know when energy prices recover but they can be sure that Exxon will recover quickly when that happens.Disclosure: None. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy for the Long Haul * 5 More Cloud Stocks With Plenty of Potential * 5 Clean Energy ETFs to Buy for 2019 The post Exxon Stock Is Very Strongly Positioned for the Long-Term Investor appeared first on InvestorPlace.
These stocks are projected to offer the biggest dividend hikes in 2020, which should bolster their prices in a volatile market, according to Goldman Sachs.
Oil prices saw a significant spike on Tuesday morning as Washington announced that it would delay the 10 percent it had planned to place on some Chinese products
Moody's Investors Service (Moody's) assigned Aaa ratings to Exxon Mobil Corporation's (ExxonMobil) proposed offering of senior notes. ExxonMobil's existing Aaa ratings and stable outlook are unchanged. "ExxonMobil's negative free cash flow and rising debt levels in the first half of this year are pressuring its credit profile, particularly with oil prices averaging mid-cycle levels during the period," commented Pete Speer, Moody's Senior Vice President.
Exxon Mobil is considering a sale of its assets in the British North Sea after more than 50 years in the oil and gas basin as it focuses on U.S. shale production and new projects. The world's largest publicly traded energy company has held talks with a number of North Sea operators in recent weeks to gauge interest in some or all of its assets, which could fetch up to $2 billion, according to three industry sources with knowledge of the matter. Exxon declined to comment.