Today’s Exxon Mobil Stock Analysis we consider the discount dividend model, DCF calculations & Elliot Wave charts analysis to determine whether XOM stock is a good buying opportunity over the coming 12 to 24 months.
There are certainly challenges for ExxonMobil due to a higher payout ratio, however, I firmly believe that with stronger oil prices, $12 billion cash, and the ability to moderately leverage the balance sheet while we anticipate higher oil prices, not only will the dividend be safe but likely increase over the next few years as oil returns (in my view) back towards $65 per barrel.
Exxon Mobil dividend currently sits at just shy of 11% and management has decided not to cut it in light of a challenging macro environment.
As always please do your own research and thank you for all the support!
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DISCLAIMER: Do your own research, all price targets are set out as educational purposes only.