I’ve argued, if somewhat cautiously, for XOM stock in the past, as recently as September. Source: Jonathan Weiss / Shutterstock.com, Why Exxon Mobil Stock Could Be Down for the Count, 3 Reasons to Inject Your Portfolio with Sorrento Therapeutics, Matt McCall and the InvestorPlace Research Staff, Buy Piedmont Lithium Stock Now for Unique EV Exposure, Louis Navellier and the InvestorPlace Research Staff, Trump vs. Biden: Stocks to Buy No Matter Who Wins the White House, 7 Elections Stocks You Definitely Want To Avoid Leading up To the Big Vote, Despite Its Huge Run-Up, Hyliion Stock is Still a Long-Term Buy, 7 Value Stocks To Buy Today For Security And Consistency, 5 SPAC Stocks That Have New Merger Deals With Huge Upside, 7 Hot Stocks Offering Triple the Upside Now. Gas development activities are also focused on the Marcellus Shale of Pennsylvania and West Virginia, the Utica Shale of Ohio and the Haynesville Shale of East Texas and Louisiana. Plunging oil prices will hit profits in the upstream (ie, exploration and production) business. Downstream operations will take a near-term hit, as what increasingly looks like a nationwide self-quarantine curtails driving and gasoline usage. Stock Split Date: Stock Split Ratio: Company Name: If 100 Shares Owned Before 1st Split: June 12, 1951: 2-For-1: Standard Oil: 200: February 10, 1956: 3-For-1: Standard Oil: 600: July 14, 1976: 2-For-1: Exxon: 1,200: May 15, 1981: 2-For-1: Exxon: 2,400: August 13, 1987: 2-For-1: Exxon: 4,800: March 14, 1997: 2-For-1: Exxon: 9,600: June 20, 2001: 2-for-1: Exxon Mobil: 19,200 Conversely, if suppliers cut output and e-commerce continues gaining steam, oil prices may recover. Is Exxon … ���% �� � It also implies that the next quarter or two will disappoint investors. 1125 N. Charles St, Baltimore, MD 21201. I’m sympathetic to that case. And that suggests the lower price isn’t an unjustified sell-off, but a somewhat logical response by the market. Assume a stock is split in the ratio of 2:1. Just since early January, Exxon Mobil stock has lost over half of its value. The average price target is $45.00, according to Tipranks. In the meantime, Exxon Mobil stock can stay stuck. 2020 InvestorPlace Media, LLC. After two very high-profile stock splits, the time is ripe for many other well-known, actively traded stocks to announce stock splits. According to our Exxon Mobil stock split history records, Exxon Mobil has had 5 splits. 10 0 obj <> endobj Next, we will compare that value to the change between one day and 7 days after the split. 20 0 obj <>/Filter/FlateDecode/ID[<70718D5F4987CFD146F93F4C122EBBAB>]/Index[10 24]/Info 9 0 R/Length 64/Prev 37655/Root 11 0 R/Size 34/Type/XRef/W[1 2 1]>>stream Split history for Exxon Mobil Corporation. If the price per share was 1000$ before split one would expect the price to hover around 500$ after the split. �L��(�ߝt�ԩ�d�*6cU၃����3S���d0�2�vu����� ��rлN�l��z#W��ب3��ӽ��ѕ(�ͅ��j,��L���5K��hR��kv�O�����u�A% Ά��. And as attractive as the dividend looks, it is highly likely to be cut. All rights reserved. Exxon did not waste its resources on hand to buy out weaker companies. At $30, then, profits are going to decline — and potentially sharply so.