Exxon Mobil Shares Likely to Underperform Near Term Amid Pioneer Integration, Truist Says in Downgrade

MT Newswires Live06-07

Exxon Mobil Shares Likely to Underperform Near Term Amid Pioneer Integration, Truist Says in Downgrade Exxon Mobil (XOM) shares are projected to underperform peers in the near term given current ...

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Analysts projected FCF yields of less than 8% and less than 9% for Exxon Mobil in 2024 and 2025 respectively, lower than its peers which are anticipated to post FCF yields of up to 12% this year and almost 15% in 2025.The firm further noted that the \"upcoming OPEC+ oil pressure\" may prompt non-energy investors to sell their remaining shares, potentially impacting the company.Truist downgraded Exxon Mobil's stock to hold from buy and lowered its price target to $124 from $146.Price: 114.15, Change: +0.18, Percent Change: +0.16","kind":null,"is_publish_news":false,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2441142062"}