This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Buys Breaking Near 52-Week Highs

XOM Chart XOM data by YCharts

Exxon Mobil (XOM - Get Report)

Background: Exxon Mobil's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. Exxon trades an average of 11.9 million shares per day with a marketcap of $426 billion.

52-Week High: $91.56

Exxon is the second-highest valued company by market capitalization. Exxon's integration into every facet of energy is very attractive. Exxon has bets on every number and regardless of where the wheel stops spinning, Exxon shareholders can expect to get paid.

The average analyst target price for Exxon is $93.64, and we are close to seeing the target reached. With that being said, I would hold off for now and let a dip happen. Buying above $90.50 feels too much like chasing it higher, something that I don't believe is warranted.

The breakout above the $89 price range is solid, but even the nine-day moving average is only $90. It's at $90 or lower that an investor can buy and not feel like they are "paying-up" to gain exposure.

Exxon's current estimated earnings of $7.58 per share this year means that investors buying on dips don't have to "pay up." It works out to a price-to-earnings ratio of only 12.2. Even if Exxon is making new highs, there is a lot of room for the shares to move higher.

Shareholders even receive $2.28 annually in dividends. That works out to a yield of 2.47%. With a payout ratio of less than 25% and enough cash to fully pay off debt, the dividend looks almost as good as money in the bank.

0.9% of the float is sold short. It's not enough to raise concern, and I believe such a low rate of shares shorted indicates a bullish bias.

5 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $127.98 0.30%
EBAY $56.07 0.00%
TJX $65.97 0.00%
WFC $54.36 0.00%
XOM $87.24 0.00%

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs