Company Of The Day: Exxon Mobil
What?
Exxon Mobil (NYSE:XOM) has indicated in a regulatory filing that its Q4 2021 earnings could rise by as much as $1.9 billion versus Q3.
Why?
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Higher natural gas prices are likely to boost Q4 earnings by between $700 million to $1.1 billion, compared to Q3 while the changes in liquids prices will boost earnings by between $400 million to $800 million.
So What?
Exxon stock has had a solid year, driven by rising hydrocarbon prices. We think the stock has a little more room to run. We value XOM at about $65 per share, about 10% ahead of the current market price.
See Our Complete Analysis For Exxon Mobil
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
| Returns | Dec 2021 MTD [1] |
2021 YTD [1] |
2017-21 Total [2] |
| XOM Return | 2% | 47% | -33% |
| S&P 500 Return | 5% | 27% | 113% |
| Trefis MS Portfolio Return | 2% | 47% | 297% |
[1] Month-to-date and year-to-date as of 12/30/2021
[2] Cumulative total returns since 2017