Exxon Mobil Corporation (XOM) has been in the headlines for various reasons, showing signs of both positive and negative momentum. The company has recently released strong third-quarter 2024 results, making it on UBS’ list of stocks for the AI, Growth & Low Rates era, and is expected to increase its dividend to $0.99. However, shares of the company have also been sold by multiple parties, including M&G Plc and Ameritas Advisory Services LLC. Despite this, the energy giant is considered by some as an undervalued wide moat stock, with Hedge Funds lauding it as one of the best energy stocks to buy. The company’s shares saw a 1.9% increase, and it’s expected to see benefits from a merger with Pioneer. On the other side, Exxon is warning of a $1B hit to its Q3 earnings due to falling oil prices, and there are recommendations against impulsive buying before earnings. The projected $500M sale of Bakken Shale Assets in North Dakota and a potential partnership in the low-carbon hydrogen facility have also raised eyebrows. Exxon’s strong fundamentals, impressive Q3 earnings, and increased dividend seem to overshadow the potential risks.
Exxon Mobil Corporation XOM News Analytics from Fri, 02 Feb 2024 08:00:00 GMT to Sat, 09 Nov 2024 16:48:00 GMT -
Rating 3
- Innovation -5
- Information 8
- Rumor -6
