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Started By
Message
Exxon Stock....buy,hold, or sell
Posted on 4/14/13 at 4:34 pm
Posted on 4/14/13 at 4:34 pm
As an operator of exxon stores, I'm a big fan of exxon. I've owned exxon stock since I was 16 and it's performed admirably in the last 20 years, but the last few years have been pretty stagnant to unspectacular in relation to the entire market and honestly in relation to other BIG OIL like Chevron.
Exxon seems to have a bright future as the largest NG producer and the fact we're one crisis away from energy price spikes, so I ask some of you engineers and people in the field, what's up with exxon these days? Is it a buy, hold or sell
Compared to other oil giants
CVX has a 3% yield
Shell has a 5%+ yield
Conoco has 4.4% yield
Sinopec has a 4% yield
Total has a 6% yield
BP has a 4%+ yield
So at the level's exxon trade at presently with a 2.5% yield, that does grow which is is nice......do you buy it or one of the others. For the record, I hold CVX,RDS.B,COP, and SNP already just looking at Exxon and contemplating what to do with my shares and potentially future buys.
for the record, Im not a trader, I accumulate shares and will hopefully live off dividends in 30 years in retirement, so my timeframe is forever, just questioning exxon after the last few years.....and over the next three decades Exxon projects that global energy demand will increase by 35% as the global population grows to 9 billion, with most of the demand coming from developing nations such as India and Africa.
Thanks
Exxon seems to have a bright future as the largest NG producer and the fact we're one crisis away from energy price spikes, so I ask some of you engineers and people in the field, what's up with exxon these days? Is it a buy, hold or sell
Compared to other oil giants
CVX has a 3% yield
Shell has a 5%+ yield
Conoco has 4.4% yield
Sinopec has a 4% yield
Total has a 6% yield
BP has a 4%+ yield
So at the level's exxon trade at presently with a 2.5% yield, that does grow which is is nice......do you buy it or one of the others. For the record, I hold CVX,RDS.B,COP, and SNP already just looking at Exxon and contemplating what to do with my shares and potentially future buys.
for the record, Im not a trader, I accumulate shares and will hopefully live off dividends in 30 years in retirement, so my timeframe is forever, just questioning exxon after the last few years.....and over the next three decades Exxon projects that global energy demand will increase by 35% as the global population grows to 9 billion, with most of the demand coming from developing nations such as India and Africa.
Thanks
This post was edited on 4/14/13 at 4:38 pm
Posted on 4/14/13 at 6:19 pm to ThaBigFella
My company does a lot of work with Exxon on major projects and it is mind blowing with how many 1B+ projects they have going on. That and they are minority owners in tons of other facilities.
I know it doesn't answer your question. Just my 2 cents.
I know it doesn't answer your question. Just my 2 cents.
Posted on 4/14/13 at 6:23 pm to ThaBigFella
XOM is my largest holding in my portfolio. I won't be selling anytime soon.
Posted on 4/14/13 at 6:28 pm to LSURussian
russian, you're my most respected poster on this board as far as stocks are concerned. I don't want to sell mine I suppose, Im just wondering with how low the yield is today vs its historical high's dont you feel other O/G stocks are better plays? I add monthly so I guess Im getting tired of it doing nothing with such a low yield.....
Like Shell is trading at 7x earnings and paying out 5.2% WOW
even conoco just unearthed that massive discovery in the gulf of mexico and has a 4.4% yield?
What are your thoughts on those vs exxon in the long run? Exxon seems to have underperformed under rex tillerson but i do love their NG future.
What do you think about sinopec and china's shale future?
SNP yield 4% today and read this piece on how much reserve china has compared to us russian, their future seems limitless once they basically learn fracking
LINK
Would you add to exxon at todays prices? Or one of the others I mentioned?
Like Shell is trading at 7x earnings and paying out 5.2% WOW
even conoco just unearthed that massive discovery in the gulf of mexico and has a 4.4% yield?
What are your thoughts on those vs exxon in the long run? Exxon seems to have underperformed under rex tillerson but i do love their NG future.
What do you think about sinopec and china's shale future?
SNP yield 4% today and read this piece on how much reserve china has compared to us russian, their future seems limitless once they basically learn fracking
LINK
Would you add to exxon at todays prices? Or one of the others I mentioned?
This post was edited on 4/14/13 at 6:38 pm
Posted on 4/14/13 at 6:48 pm to ThaBigFella
quote:
Would you add to exxon at todays prices?
No, but not because I don't think it's a good buy. As I wrote previously, XOM is my largest holding (about 25% of my stock portfolio) and if I added to it my concentration risk only goes up.
I don't really follow the other companies you listed so any opinion I'd give on them would not be very informed.
I agree with you that XOM's dividend yield is too low but you have to remember that Exxon has raised its dividend EVERY YEAR for the last 30 years. That's a pretty impressive record. And they usually make their dividend increase announcement either at the end of April or the first week of May, so if they follow their pattern we should hear about a div increase soon.
Plus, XOM has not had a stock split since 2001 so it would not shock me if they announced a stock split this year or next.
Thanks for the kind words.
Posted on 4/14/13 at 7:11 pm to ThaBigFella
I came across this video randomly while surfing youtube:
LINK
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
LINK
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Posted on 4/14/13 at 7:41 pm to ThaBigFella
Well based on your original post, you have a bunch of oil and gas stocks. Do you have other sectors as well to diversify somewhat? I assume you do but wanted to ask.
Personally I prefer CVX over XOM but have a much younger portfolio as I've only been invested in CVX and the market in general the last year and a half.
Personally I prefer CVX over XOM but have a much younger portfolio as I've only been invested in CVX and the market in general the last year and a half.
Posted on 4/14/13 at 7:46 pm to Big Saint
I do but Im not a 50 stock kinda guy, pretty simple
PM
MO
XOM
KO
COP
RDS.B
SLW(growth)
AMZN(growth)
AQP(Growth)
v(growth)
Im about 85% high dividend growth stocks in tobacco,oil, and coke and then I always hold 3-4 growth stocks, I call them my gambles....amazon,AQP(huge platinum producer i just bought bc theyre hammered which was $600/stock not long ago, $45 today),SLW(silver producer, and visa
PM
MO
XOM
KO
COP
RDS.B
SLW(growth)
AMZN(growth)
AQP(Growth)
v(growth)
Im about 85% high dividend growth stocks in tobacco,oil, and coke and then I always hold 3-4 growth stocks, I call them my gambles....amazon,AQP(huge platinum producer i just bought bc theyre hammered which was $600/stock not long ago, $45 today),SLW(silver producer, and visa
Posted on 4/14/13 at 7:49 pm to ThaBigFella
I've got XOM ... think it's actually listed as a HOLD right now just due to the $$ to buy.
I'm not selling anytime soon.
I'm not selling anytime soon.
Posted on 4/14/13 at 7:54 pm to ThaBigFella
Yeah I'm not a 50 stock guy either. Your portfolio looks fine to me. I was just asking because you listed four or five oil and gas names that you owned. That would be a huge chunk of my portfolio.
I just kept it simple with CVX and several other holdings in different sectors.
I just kept it simple with CVX and several other holdings in different sectors.
Posted on 4/14/13 at 9:34 pm to Big Saint
I have several clients that inherited large quantities go XOM. I told them we are putting those shares in a non managed account because we will never sell them. That is one you just hold and enjoy in my opinion.
Posted on 4/15/13 at 12:04 am to Janky
Some Dow perspective in a bull market (13.4% gain ytd):
6 low-performers the past 100 days: Alcoa (minus 5.3); Caterpillar (minus 5.1); Exxon (2.8); Bk of America (4.8); Intel (5.1) Microsoft (7.8)
Chevron is up 10.9% ytd; 9 P/E.
I've been waiting for BP to bust out: (minus .2 YTD); 4.9% dividend; 6.2 P/E
6 low-performers the past 100 days: Alcoa (minus 5.3); Caterpillar (minus 5.1); Exxon (2.8); Bk of America (4.8); Intel (5.1) Microsoft (7.8)
Chevron is up 10.9% ytd; 9 P/E.
I've been waiting for BP to bust out: (minus .2 YTD); 4.9% dividend; 6.2 P/E
Posted on 4/15/13 at 12:53 am to ThaBigFella
yeah exxon will always go up.
Posted on 4/15/13 at 6:35 pm to Macintosh504
Exxon joins AA and CAT as the 3 Dow stocks in negative territory.
Posted on 4/15/13 at 6:41 pm to ThaBigFella
hold, for the love of money, hold. It will pay off handsomely
Posted on 4/15/13 at 8:26 pm to matthew25
quote:
Exxon joins AA and CAT as the 3 Dow stocks in negative territory.
4 months does not make a stock.
Posted on 4/16/13 at 1:08 pm to Janky
Russian, my largest position is philip morris and its over 25% of my portfolio how exxon is for you. I respect your analysis always, so I wanted to ask you......I just checked exxon over the last 5 years with dividends reinvested returned just 10.89% vs Phillip morris which returned 112%,even coca cola returned 54%, i use this backtest calculator its pretty cool check it out
LINK
Anyways, seeing how it underperformed so badly the last few years, will you tell me why your so bullish on it? Im really itching to pull the trigger on it at $86.50 today, especially after someone i respect like you mentions its 25% of his portfolio. Just wondering about the horrendous 10% ROI over the last 5 years, what do you see in the future that makes you so gung ho? thanks again
FYI, Shell is a pretty gigantic oil and natural gas company and it pays a 5.2% yield, which has grown every year as well albeit not at 20% like exxon did last year....RDS.B is another big holding of mine too it hasn't done much either, but the yield is gigantic....also COP conoco just unearthed a massive find in the gulf of mexico and it's yield is 4.6%.
LINK
Anyways, seeing how it underperformed so badly the last few years, will you tell me why your so bullish on it? Im really itching to pull the trigger on it at $86.50 today, especially after someone i respect like you mentions its 25% of his portfolio. Just wondering about the horrendous 10% ROI over the last 5 years, what do you see in the future that makes you so gung ho? thanks again
FYI, Shell is a pretty gigantic oil and natural gas company and it pays a 5.2% yield, which has grown every year as well albeit not at 20% like exxon did last year....RDS.B is another big holding of mine too it hasn't done much either, but the yield is gigantic....also COP conoco just unearthed a massive find in the gulf of mexico and it's yield is 4.6%.
This post was edited on 4/16/13 at 1:12 pm
Posted on 4/16/13 at 1:10 pm to ThaBigFella
quote:
especially after someone i respect like you mentions its 25% of his portfolio
Not speaking for Russian, but I am pretty sure he accumulated most of them a long, long time ago.
Posted on 4/16/13 at 1:14 pm to ThaBigFella
quote:I've covered earlier why I'm going to continue to hold it. I really don't have any more to add other than if I sold my XOM I'd have to pay over $100,000 in LTCG income taxes. I just can't bring myself to write that large of an estimated taxes check to the IRS.
will you tell me why your so bullish on it?
Please don't do what I do if you believe you're better off not owning XOM.
Posted on 4/16/13 at 1:18 pm to LSURussian
ah gotcha so its more a tax thing bc you've made so much? well then
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