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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (56693)1/19/2016 12:03:38 AM
From: Paul Senior  Respond to of 69205
 
Hi I2. XOM/CVX: If oil stays down, they're either expensive or fair-valued. If oil moves up, maybe to $60 or more this year, then the stocks are cheap now. I am avoiding both companies at current price. Too tough for me to value--I defer to others on the thread who may see the outlook or these companies more clearly.



To: Investor2 who wrote (56693)1/20/2016 1:15:20 PM
From: Wallace Rivers1 Recommendation

Recommended By
Boca_PETE

  Read Replies (1) | Respond to of 69205
 
FWIW there has been more talk "on the Street" about CVX cutting its dividend than XOM. The screens I use (from my Fidelity web site) show CVX with a dividend payout ratio of 93% and XOM of 63% (as of 9/30/15). I've also seen the CVX CEO on TV saying the dividend is a very important priority, the implication being the company, in my mind, would cut only as a last resort. My screens also show CVX with a book value of $82 on 9/30, so it is trading below that figure, but again that is a moving target. XOM at about $41 as of 9/30.