NEW YORK (TheStreet) -- Shares of Exxon Mobil Corp (XOM) are retreating, down 0.28% to $85.11 in midday trading Wednesday, as oil prices continue to slide after having fallen nearly 3% yesterday due to a strong rally in the dollar, Reuters reports.
July Brent crude fell 1.51% to $62.76 a barrel as of 11:17 a.m. ET today, while U.S. crude was also down 0.34% to $57.83 a barrel as of 11:19 a.m. ET.
Irving, Texas-based ExxonMobil is the largest publicly traded international oil and gas company and holds an industry-leading inventory of resources.
The company is the largest refiner and marketer of petroleum products.
Insight from TheStreet's Research Team:
Daniel Dicker commented on Exxon Mobil in a recent post on RealMoney.com. Here is what Dicker, had to say about the stock:
Also notice Exxon Mobil (XOM), in the best possible position to make a monster acquisition, stay unnervingly quiet. It knows prices here do not represent value -- and does not want to make the same mistake it made by buying an overpriced XTO Energy in 2010.
I will watch for Exxon's move. It wants to make one, and I believe it will when the time is right. It isn't -- yet.
- Daniel Dicker, 'Damn the Fundamentals, Full Speed Ahead!, Say Oil Investors' originally published 5/21/2015 on RealMoney.com.
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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 deteriorating net income, poor profit margins and weak operating cash flow."
You can view the full analysis from the report here: XOM Ratings Report