Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model Exxon Mobil Corporation (
XOM) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day down 1.6%. By the end of trading, Exxon Mobil Corporation fell $1.00 (-1.1%) to $88.48 on average volume. Throughout the day, 17,459,841 shares of Exxon Mobil Corporation exchanged hands as compared to its average daily volume of 13,073,200 shares. The stock ranged in price between $88.02-$89.50 after having opened the day at $88.92 as compared to the previous trading day's close of $89.48. Other companies within the Energy industry that declined today were:
MagneGas Corporation (
MNGA), down 9.4%,
Apco Oil and Gas International (
APAGF), down 7.8%,
Harvest Natural Resources (
HNR), down 7.6% and
Cal Dive International (
DVR), down 7.5%.
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Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products. The company also transports and sells crude oil, natural gas, and petroleum products. It has approximately 37,228 gross and 31,264 net operated wells. Exxon Mobil Corporation has a market cap of $398.1 billion and is part of the basic materials sector. The company has a P/E ratio of 9.1, below the S&P 500 P/E ratio of 17.7. Shares are up 3.4% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Exxon Mobil Corporation a buy, 1 analyst rates it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Exxon Mobil Corporation as a
buy. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures, notable return on equity and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
On the positive front,
KiOR (
KIOR), down 10.5%,
Cubic Energy (
QBC), down 9.7%,
GeoPetro Resources Company (
GPR), down 8.1% and
Barnwell Industries (
BRN), down 7.9% , were all gainers within the energy industry with
Cabot Oil & Gas Corporation (
COG) being today's featured energy industry leader.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider
Energy Select Sector SPDR (
XLE) while those bearish on the energy industry could consider
Proshares Short Oil & Gas (
DDG).
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