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

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

Exxon Mobil image

News

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

Shauna O'Brien Dec 15, 2014

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.

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.

Please Enter Your Email
Please Select Your Advisor Type

Popular Articles

Download Our Free Report

Why 30 trillion is invested in mutual funds book