Exxon Mobil (XOM US)

09/03/2022 09:31

International Equities Portfolio

A tough week for the International Equities portfolio falling by 5.51% which was broadly in line with weakness across international markets. Australian equities have outperformed global peers in recent weeks given our skew towards energy & resources versus the US skew towards technology. The Trade desk (TTD US) was the weakest link down by 24.13% while Exxon Mobil (XOM US) advanced by 10.74%.  

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02/03/2022 10:48

International Equities Portfolio – Amendment

We are taking profit on XOM

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02/03/2022 09:35

Exxon Mobil Corp (XOM US) $US78.82

Similar to Santos (STO) discussed earlier we are reviewing our position in Exxon where the “easy money” feels well and truly behind us as the stocks shown in the last few sessions by managing to pullback over 10%, even as brent crude surged higher - remember stocks often lead their underlying commodities!

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15/02/2022 09:14

Exxon Mobil Corp (XOM US) $US80.21

Exxon has significantly outperformed the domestic names and although we believe a period of consolidation is likely around the $80 area we can see an eventual move well above $US90 i.e. we believe it will continue to outperform its Australian peers. Interestingly, the stock / sector was lower overnight even as crude oil hit $US94 a barrel for the first time since 2014 suggesting it’s time for a rest for many oil stocks. We own XOM in our International Equities Portfolio.

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03/02/2022 09:18

Santos (STO) V Exxon Mobil (XOM US)

MM owns both STO and XOM in our Flagship Growth and International Portfolios respectively and while they’ve both performed strongly over the last 4-months the US based stock is the one kicking the major goals, its rallied more than 16% above its 2021 high while STO struggles 5.7% below its same milestone – that’s also a reasonable reflection of the Energy...

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02/02/2022 09:28

International Equities Portfolio

The MM International Equities Portfolio had a strong week up +5.46% while cash remains at 4%. The main support from a performance perspective came from an aggressive bounce back in technology with The Trade Desk (TTD US) up 13.82%, PayPal (PYPL US) +11.50% while Exxon Mobil (XOM US) also benefitted from continued strength in energy prices...

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13/01/2022 09:24

Exxon Mobil Corp (XOM US) $US71.01

MM holds XOM in our International Equities Portfolio, the stocks surged higher this month and another 20% upside in the coming months feels on the cards.

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24/08/2021 09:26

Exxon Mobil Corp (XOM US) $US54.91

We took a healthy +46% profit from our XOM holding in April missing the top but most importantly also the sharp correction through July and August. We again like the risk / reward with this $US232bn goliath for subscribers who are looking for some overseas exposure into the energy sector.

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07/04/2021 09:30

Exxon Mobil Corp (XOM) $US56.34

MM has turned neutral / bearish oil and see this as a good opportunity to lock in a strong profit in Exxon Mobil.  

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