I‌s $Exxon Mobil(XOM)$ ‌over p-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Last one standing

I‌s $Exxon Mobil(XOM)$ ‌over priced ?

I have been in the oil & gas industry for more than 10 years and I am well aware that crude price affects oil price which in turns affects P&L. Thus it is normal for oil companies to follow oil price.

When the war broke out on 24/Feb/2022, WTI shot up to $119 and XOM also shot up to $105.57 which I felt was "within expectations". However since then, US has increased interest rate to curb inflation, released their reserves to bring down oil price and US has also effectively replaced Russia as the no.1 LNG exporter to Europe. Thus it is not a coincidence that US oil companies are coming in with strong earnings.

However Winter is over and oil price has been as depressed as ever. The last time when WTI was trading at $77.23 was on 20/Dec/2021, and Exxon was only trading at $57.96. But today it is trading at $106.94.

Despite strong earnings, dividends is only $0.03 more per quarter from $0.88 to $0.91. Does it make sense to buy at current level for that $0.03 extra dividends? It's your call. But I certainly won't touch it till it comes down to a more reasonable level, probably in the $80s which is a demand zone. Better to be patient and wait for price to come to you instead of chasing it. Good luck guys. Cheers!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

YaleBrewster
2023-03-19
YaleBrewster
As I lick my -$85k XOM wounds I tip my hat to Brad and his +45% DRIP play. Almost went to that at 12.70 but played the XOM dip and way, way misjudged the bottom of the channel.
YorkTurner
2023-03-19
YorkTurner
In the last week crude has dropped $10.00 and XOM has dropped $8.00 each represents a big drop in pricing. Do you really think the value of XOM has changed in a week.
YeddaJohnson
2023-03-19
YeddaJohnson
By mid summer oil could be back over $90. again. You may have notice the XOM target has not changed.
Dawang
2023-03-16
Dawang
agreed, the world is on sale soon. lotsa other counters and firesale to shop from. no point paying overpriced counters 😅😁
XantheJuliana
2023-03-19
XantheJuliana
$70 imo. No way XOM at $66 oil and NG for free is holding on here.
kytphine
2023-03-15
kytphine
thanks for sharing

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Thus it is normal for oil companies to follow oil price.&nbsp;</p>\n<p><br></p>\n<p>When the war broke out on 24/Feb/2022, WTI shot up to $119 and XOM also shot up to $105.57 which I felt was \"within expectations\". However since then, US has increased interest rate to curb inflation, released their reserves to bring down oil price and US has also effectively replaced Russia as the no.1 LNG exporter to Europe. Thus it is not a coincidence that US oil companies are coming in with strong earnings.&nbsp;</p>\n<p><br></p>\n<p>However Winter is over and oil price has been as depressed as ever. The last time when WTI was trading at $77.23 was on 20/Dec/2021, and Exxon was only trading at $57.96. But today it is trading at $106.94.&nbsp;</p>\n<p><br></p>\n<p>Despite strong earnings, dividends is only $0.03 more per quarter from $0.88 to $0.91. Does it make sense to buy at current level for that $0.03 extra dividends? It's your call. But I certainly won't touch it till it comes down to a more reasonable level, probably in the $80s which is a demand zone. Better to be patient and wait for price to come to you instead of chasing it. Good luck guys. Cheers!&nbsp;&nbsp;</p>\n<p><br></p>\n<p><br></p></body></html>","htmlText":"<html><head></head><body><p>I‌s&nbsp;<a href=\"https://laohu8.com/S/XOM\">$Exxon Mobil(XOM)$ &nbsp;</a>‌over priced ?</p>\n<p><br></p>\n<p class=\"t-img-caption\" style=\"display: flex; flex-direction: column; align-items: center;\"><img src=\"https://community-static.tradeup.com/news/105d8b80a0bf91534ade0def69fb9638\" tg-width=\"200\" tg-height=\"200\"><img><span><br></span></p>\n<p><br></p>\n<p>I have been in the oil &amp; gas industry for more than 10 years and I am well aware that crude price affects oil price which in turns affects P&amp;L. Thus it is normal for oil companies to follow oil price.&nbsp;</p>\n<p><br></p>\n<p>When the war broke out on 24/Feb/2022, WTI shot up to $119 and XOM also shot up to $105.57 which I felt was \"within expectations\". However since then, US has increased interest rate to curb inflation, released their reserves to bring down oil price and US has also effectively replaced Russia as the no.1 LNG exporter to Europe. Thus it is not a coincidence that US oil companies are coming in with strong earnings.&nbsp;</p>\n<p><br></p>\n<p>However Winter is over and oil price has been as depressed as ever. The last time when WTI was trading at $77.23 was on 20/Dec/2021, and Exxon was only trading at $57.96. But today it is trading at $106.94.&nbsp;</p>\n<p><br></p>\n<p>Despite strong earnings, dividends is only $0.03 more per quarter from $0.88 to $0.91. Does it make sense to buy at current level for that $0.03 extra dividends? It's your call. But I certainly won't touch it till it comes down to a more reasonable level, probably in the $80s which is a demand zone. Better to be patient and wait for price to come to you instead of chasing it. Good luck guys. Cheers!&nbsp;&nbsp;</p>\n<p><br></p>\n<p><br></p></body></html>","text":"I‌s $Exxon Mobil(XOM)$ ‌over priced ? I have been in the oil & gas industry for more than 10 years and I am well aware that crude price affects oil price which in turns affects P&L. Thus it is normal for oil companies to follow oil price. When the war broke out on 24/Feb/2022, WTI shot up to $119 and XOM also shot up to $105.57 which I felt was \"within expectations\". However since then, US has increased interest rate to curb inflation, released their reserves to bring down oil price and US has also effectively replaced Russia as the no.1 LNG exporter to Europe. Thus it is not a coincidence that US oil companies are coming in with strong earnings. 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Almost went to that at 12.70 but played the XOM dip and way, way misjudged the bottom of the channel.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":106081524,"gmtCreate":1679220301937,"gmtModify":1679220305146,"authorId":9000000000000340,"author":{"id":9000000000000340,"authorId":9000000000000340,"name":"YorkTurner","avatar":"https://static.tigerbbs.com/56e720c7d3a4835efa4409feb9b8f386","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9949471961,"type":1,"supId":0,"prevId":0,"content":"In the last week crude has dropped $10.00 and XOM has dropped $8.00 each represents a big drop in pricing.  Do you really think the value of XOM has changed in a week.","text":"In the last week crude has dropped $10.00 and XOM has dropped $8.00 each represents a big drop in pricing.  Do you really think the value of XOM has changed in a week.","html":"In the last week crude has dropped $10.00 and XOM has dropped $8.00 each represents a big drop in pricing.  Do you really think the value of XOM has changed in a week.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":106081526,"gmtCreate":1679220314474,"gmtModify":1679220317655,"authorId":9000000000000341,"author":{"id":9000000000000341,"authorId":9000000000000341,"name":"YeddaJohnson","avatar":"https://static.tigerbbs.com/050c9c4099e73e2cfe6319aaad577e08","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9949471961,"type":1,"supId":0,"prevId":0,"content":"By mid summer oil could be back over $90. again.  You may have notice the XOM target has not changed.","text":"By mid summer oil could be back over $90. again.  You may have notice the XOM target has not changed.","html":"By mid summer oil could be back over $90. again.  You may have notice the XOM target has not changed.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":106049008,"gmtCreate":1678898330485,"gmtModify":1678898333720,"authorId":3579482809178950,"author":{"id":3579482809178950,"authorId":3579482809178950,"name":"Dawang","avatar":"https://static.tigerbbs.com/d0f01f2346125f600328ffd48beb3a4c","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"60.68%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9949471961,"type":1,"supId":0,"prevId":0,"content":"agreed, the world is on sale soon. lotsa other counters and firesale to shop from. no point paying overpriced counters 😅😁","text":"agreed, the world is on sale soon. lotsa other counters and firesale to shop from. no point paying overpriced counters 😅😁","html":"agreed, the world is on sale soon. lotsa other counters and firesale to shop from. no point paying overpriced counters 😅😁","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":106081541,"gmtCreate":1679220391238,"gmtModify":1679220394626,"authorId":9000000000000343,"author":{"id":9000000000000343,"authorId":9000000000000343,"name":"XantheJuliana","avatar":"https://static.tigerbbs.com/f28da48e3ea5979e903256fc9086c1d4","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9949471961,"type":1,"supId":0,"prevId":0,"content":"$70 imo.  No way XOM at $66 oil and NG for free is holding on here.","text":"$70 imo.  No way XOM at $66 oil and NG for free is holding on here.","html":"$70 imo.  No way XOM at $66 oil and NG for free is holding on here.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":106042436,"gmtCreate":1678861301591,"gmtModify":1678861304833,"authorId":4101272829284430,"author":{"id":4101272829284430,"authorId":4101272829284430,"name":"kytphine","avatar":"https://static.tigerbbs.com/a86195df1a2eaba92724a209c195e50d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9949471961,"type":1,"supId":0,"prevId":0,"content":"thanks for sharing","text":"thanks for sharing","html":"thanks for sharing","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9949471961"}