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Macquarie downgraded Exxon Mobil (XOM) to Neutral today because it doesn't believe shares have...

  • Wednesday, January 30, 5:59 PM ET
    Macquarie downgraded Exxon Mobil (XOM) to Neutral today because it doesn't believe shares have much more room to move to the upside after nearing all-time highs. The firm sees XOM struggling to generate production growth in both 2013 and 2014, adding that the pace of stock buybacks will slow to $15B for 2013 and possibly $10B the next year.
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This news story has 3 comments:

  •  
    Here's hoping it will knock the price down a bit so I can finally add some to our portfolio. I'm not holding my breath though.
    30 Jan, 06:25 PM Reply Like
  •  
    I'm with you Steve, how does Macquirie know how much stock will buy back? I love downgrades, allows me to buy.
    30 Jan, 08:19 PM Reply Like
  •  
    I think a lot of people buy Exxon for the dividend and for a safe parking place. My buying is through dividend reinvestment but when it dips sometimes I send in extra money. I think that a split would be nice even though it adds no value. After a split the stock "looks" more attractive to some investors and it could help the stock move up.
    31 Jan, 10:31 AM Reply Like
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