Deutsche Bank makes a couple of changes in its oil portfolio today, upgrading Exxon Mobil (XOM +0.3%) to Buy while downgrading shares of ConocoPhillips (COP -1.2%) to Hold. The firm says investors are focusing on cash return to shareholders, and believes XOM could ramp up its dividend by 33% over the next year. On other the flipside, COP is likely to cut its share buyback forecast post-split.
Deutsche Bank makes a couple of changes in its oil portfolio today, upgrading Exxon Mobil (XOM...
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Symbol | Last Price | % Chg |
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XOM | - | - |
Exxon Mobil Corporation |