NEW YORK (TheStreet) -- Shares of Exxon Mobil Corp (XOM) - Get Report finished the day down 1.07% to $84.52 in Tuesday's regular trading session, after Brent crude fell on the stronger dollar amid concerns over the global oversupply, Reuters reports.
Brent futures for May delivery fell 1.5% to $55.15 a barrel, after hitting a session low of $54.93 a barrel earlier today.
Oil prices traded in the red amid signs of slowing growth in China and Saudi Arabian oil production approaching an all-time high, Reuters noted.
Factory activity in China, the world's second-largest economy and the biggest importer of oil, fell in March, Reuters added.
Irving, TX-based ExxonMobil is the largest publicly traded international oil and gas company, that holds an industry-leading inventory of resources. The company is the largest refiner and marketer of petroleum products.
Insight from TheStreet's Research Team
Timothy Collins commented on Exxon Mobil in a recent post on RealMoney.com. Here is what Collins had to say about the stock:
The other day, Helene Meisler asked me a simple question: Had I looked at Exxon Mobil (XOM) and did the fact that the stochastics was basically zero really mean anything? I must admit, I hadn't been focused on XOM and lost track of how one of the 10 largest companies in the world (in terms of market cap) has performed since the end of July. While the S&P 500 has climbed 5% over that period, XOM has fallen some 17.5%. All the attention has been on oil and the exploration and production (E&P) companies, but the majors have been hit pretty hard.
Helene's note did get me looking for a possible trade. While the smaller E&P companies are likely to get the biggest bounces, the risk that comes with them is beyond some traders and many investors. I haven't been keen on equities lately, but we may be getting near a decent long swing trade position in the broader market. This is important since XOM looks like it may be setting up with a swing term entry on the long side as well, which has produced pretty good results since 2010.
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Separately, TheStreet Ratings team rates EXXON MOBIL CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate EXXON MOBIL CORP (XOM) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and disappointing return on equity." You can view the full analysis from the report here: XOM Ratings Report