Professional
Added to YB: 2024-02-21
Pitch date: 2024-02-20
XOM [bullish]
Exxon Mobil Corporation
+22.51%
current return
Author Info
No bio for this author
Company Info
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States, Guyana, Canada, the United Kingdom, Singapore, France, and internationally.
Market Cap
$501.1B
Pitch Price
$96.99
Price Target
133.00 (+12%)
Dividend
3.47%
EV/EBITDA
7.54
P/E
17.25
EV/Sales
1.65
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Exxon Mobil Corporation: PXD Shareholders Approve Exxon Merger
XOM: Argus maintains BUY, $133 PT for 32% total return. Q4 adj EPS $2.48 vs $3.40 prior yr on lower commodity prices & refining margins. 4% div hike to $0.95 (3.7% yield). $59.5B all-stock Pioneer Natural deal seen highly accretive, boosts shale mix. Capex $23-25B for '24. Denbury ($4.9B) & Mobil Lithium expand low-carbon efforts. '24/'25 EPS est $9.20/$9.75. Risks: commodity prices, geopolitics, M&A. Attractively valued with upside post-integrations.
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