Exxon Mobil (XOM) identified as cheap NYSE stock; potential for high returns.
From Yahoo Finance: 2025-04-11 16:41:00
In a recent article, we highlighted 11 cheap NYSE stocks to invest in according to hedge funds. Exxon Mobil Corporation (NYSE:XOM) is one of these stocks, and we are going to examine its standing against other cheap NYSE stocks.
Jack Caffrey of JPMorgan Asset Management discussed market trends on CNBC’s ‘Squawk Box’ on March 26. He emphasized diversified portfolios during periods of volatility and the importance of ‘time in the market’ over ‘timing the market’. Caffrey noted the difficulty in predicting fear or euphoria dominating the market and highlighted past rebound trends.
Caffrey discussed the MAG7 driving market trends and the shift towards mean reversion when primary trades become well-known. He suggested that earnings would lead markets rather than valuation, with opportunities in overlooked sectors like energy. Stimulus measures in Europe transitioning from monetary to fiscal policies provide additional investment prospects.
Exxon Mobil Corp. (NYSE:XOM) has a forward P/E ratio of 13.4 and is held by 104 hedge funds. The company explores and produces crude oil and natural gas across various segments. DBS analyst Suvro Sarkar reaffirmed a Buy rating on XOM with a price target of $133 due to strong financial performance, particularly in the Upstream segment.
Exxon Mobil Corp. (NYSE:XOM) plans to implement projects like Yellowtail in Guyana and advanced recovery techniques in the Permian Basin to focus on low-cost, low-emission growth. XOM ranks 5th on the list of cheap NYSE stocks to invest in according to hedge funds, but there is potential in AI stocks for high returns in a shorter timeframe.
For more information on AI stocks and investment opportunities, check out our articles on the 20 Best AI Stocks To Buy Now and the 30 Best Stocks to Buy Now According to Billionaires. This article is originally published at Insider Monkey.
Read more at Yahoo Finance: Is Exxon Mobil Corp. (XOM) A Cheap NYSE Stock to Invest in According to Hedge Funds?