XOM Stock

I mean if you're looking for $150, I'm not sure that extra 15% from $130 is worth the 200%+ you've already gained. Most of the time, selling a portion of the position when you have these internal questions is prudent.

Congrats on the 3X gains. Before you sell, I would point out that your dividend yield is probably close to 10%. Think about that. That is a major yield on an investment that should never go back down to $40 again.

It is currently on an uptrend, with all the moving averages trending up as well while in a bull market.

I really don't see a reason to exit such a great position minus a financial emergency. Take the W.

I inherited some shares of it a long time ago. It’s split twice and we’ve sold some but only to stay balanced.

My great uncle was an attorney for Esso which then became Exxon. He and his wife had no children and a shitload of Exxon stock. Think that it was part of their bonus program?? He died in 1976 and she in 1993.

I was blessed to inherit some and will always keep at least the same amount I inherited.

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XOM is one you don't sell and just keep long term. It will grow, then split, and rinse repeat.

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I guess MT sentiment has changed. XOM being dead money threads were on repeat around these parts for the better part of a decade.

What is this money to be used for and when?

Don’t buy chit just to buy chit is my life learning. Purpose and timeline places clarity on risk and plan.

Like time and place in a story, book or movie…critical to decision to buy, when to sell, tax consequences and focus on after tax returns. Otherwise, it is just random and hope.

Random and hope strategies are not way to go.

RSI is back close to 70. It almost always dumps at 70 RSI.

It did break up out of a 3 yr consolidation band though when oil is sub 60. Makes no sense so who knows

Sell calls at the price you want to exit.

I’m in XOM.
I sold some calls, but they are 145s expiring tomorrow.
I’ll probably sell more calls next week at a higher strike.

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XOM is one you don't sell and just keep long term. It will grow, then split, and rinse repeat.

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That was the case over a decade ago but it’s been relatively flat and certainly underperformed the broader market. They do have some near term activity that should increase profits but I see it flattening by the end of the decade. With oil price being down and chemical margins being crap, I think there are some commodity pricing movements to the mean that could provide a boost over the next few years. But I wouldn’t hold for retirement.

That’s how I would calculate it. XOM was a Covid play for me as well. I got in at about $44 a share or so Which had the dividend yield hovering close to 10%. Over the past five years, with DRIP turned on, that has brought my cost basis to about $49 a share.

Currently XOM pays $4.12/share. At a current valuation of $129, yield is 3.19%.

My cost basis at $49 puts the $4.12/share paid at a yield of 8.4%.

Current value means nothing to my cost basis except what my DRIP is buying on dividend payment date.

Where are you suggesting a higher dividend yield than 8.4%?

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That’s how I would calculate it. XOM was a Covid play for me as well. I got in at about $44 a share or so Which had the dividend yield hovering close to 10%. Over the past five years, with DRIP turned on, that has brought my cost basis to about $49 a share. Currently XOM pays $4.12/share. At a current valuation of $129, yield is 3.19%. My cost basis at $49 puts the $4.12/share paid at a yield of 8.4%. Current value means nothing to my cost basis except what my DRIP is buying on dividend payment date. Where are you suggesting a higher dividend yield than 8.4%?

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What kind of math is this?

Absent tax concerns, this is the wrong way to view it for any real apples to apples comparisons. Your cost basis is immaterial. You have $129 in market value yielding $4.12 per share. Thats all that matters. Hell, buy CVX if you want an even better run company with a higher current yield.