
NYSE:XOM
This summary was created by AI, based on 12 opinions in the last 12 months.
Exxon Mobil (XOM) continues to receive strong endorsements from analysts, highlighting its solid earnings stability and attractive dividend yield of nearly 3%. Experts note that despite current geopolitical tensions in the Middle East, the company's fundamentals remain robust, with a price-to-earnings ratio of 15x and a significant presence in the market. With a remarkable 38% increase over the past year and consistent performance, experts express confidence in the stock's growth prospects, particularly with developments in its Guyana production. While some caution against investing in oil stocks due to perceived supply saturation, many believe that XOM is well positioned for future gains, especially as oil prices are expected to rise. The company is also recognized for its share buyback programs and strong capital deployment strategies, reinforcing its position as a leading player in the energy sector.
Doesn’t think there is any reason for a Canadian to own this. The 2nd largest company globally, by market cap. If you are a fund manager, and your job is to get tens of billions of dollars out the door, you invest in something like this. There are far better alternative names in Canada with dividend yields.
Well managed international energy giant. Dividend has gone up and the stock is not ridiculously priced. Fully priced. Very difficult to say where oil is going to go. US have big stockpiles of oil, but price persists in staying high. In spite of everybody talking about replacing oil with renewable resources, it doesn’t seem to be happening any time soon. Thinks there is still money to be made owning companies like this. If you in a taxable account, there is a tax benefit to having a Canadian company.
The best run company in the US. His model price is $111.55, a 23% upside. People are basically jettisoning these oil names out of their portfolios. As a Value manager, he wants to be there.