What Today's ExxonMobil Upgrade Means for Mutual Fund Investors (XOM)

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What Today's ExxonMobil Upgrade Means for Mutual Fund Investors (XOM)

Shauna O'Brien

|

Exxon Mobil image
On Monday morning, ExxonMobil (XOM) received an analyst upgrade. Here’s what the move means for mutual fund investors.

Inside the Upgrade

BMO Capital has upgraded Exxon (XOM) from “Under Perform” to “Market Perform” on a valuation call. BMO has also boosted its price target on XOM from $85 to $95.

According to the firm: “although the stock looks expensive versus peers, the defensive nature of the company during what we believe will remain a weak period for most of 2015 leads us to increase the rating.”

In a separate move, BMO has cut its 2015 oil price forecast to $67 a barrel.

Trying to Find the Bottom in Oil Stocks

The analyst move this morning was more about reassuring investors that although oil prices have collapsed, the largest oil companies offer less volatility than others in the oil patch. It is difficult to predict what the ultimate bottom will be for oil prices, as fund managers may continue to prune losing positions into year end.

Mutual Funds to Watch

Investors interested in Exxon may also consider a mutual fund as an alternative to owning the individual stock. The funds below currently hold the largest stakes in XOM.
Symbol Mutual Fund Stake
Liquid error: internal Vanguard Total Stock Market Index 1.67%
Liquid error: internal Vanguard 500 Index 1.06%
Liquid error: internal Fidelity Spartan 500 Index 0.45%

The Bottom Line

The funds above are a great way for investors to gain exposure to a diverse bundle of securities and industries. Investors interested in XOM may also be interested in Chevron (CVX) or BP (BP).

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Why 30 trillion is invested in mutual funds book

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Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

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Find out why $30 trillon is invested in mutual funds.

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Exxon Mobil image

What Today's ExxonMobil Upgrade Means for Mutual Fund Investors (XOM)

Shauna O'Brien

|

On Monday morning, ExxonMobil (XOM) received an analyst upgrade. Here’s what the move means for mutual fund investors.

Inside the Upgrade

BMO Capital has upgraded Exxon (XOM) from “Under Perform” to “Market Perform” on a valuation call. BMO has also boosted its price target on XOM from $85 to $95.

According to the firm: “although the stock looks expensive versus peers, the defensive nature of the company during what we believe will remain a weak period for most of 2015 leads us to increase the rating.”

In a separate move, BMO has cut its 2015 oil price forecast to $67 a barrel.

Trying to Find the Bottom in Oil Stocks

The analyst move this morning was more about reassuring investors that although oil prices have collapsed, the largest oil companies offer less volatility than others in the oil patch. It is difficult to predict what the ultimate bottom will be for oil prices, as fund managers may continue to prune losing positions into year end.

Mutual Funds to Watch

Investors interested in Exxon may also consider a mutual fund as an alternative to owning the individual stock. The funds below currently hold the largest stakes in XOM.
Symbol Mutual Fund Stake
Liquid error: internal Vanguard Total Stock Market Index 1.67%
Liquid error: internal Vanguard 500 Index 1.06%
Liquid error: internal Fidelity Spartan 500 Index 0.45%

The Bottom Line

The funds above are a great way for investors to gain exposure to a diverse bundle of securities and industries. Investors interested in XOM may also be interested in Chevron (CVX) or BP (BP).

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Why 30 trillion is invested in mutual funds book

Download our free report

Find out why $30 trillon is invested in mutual funds.

Read Next

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