Oil companies utilized to vie connected however overmuch crude they could produce. Now they’re competing connected however overmuch currency they tin nonstop backmost to investors. That dynamic could wage disconnected for Exxon Mobil shareholders, argues 1 expert who is nary longer bearish connected the stock.
Truist expert Neal Dingmann wrote successful a study published Thursday that Exxon looks arsenic if it is going to make much than capable currency to wage disconnected indebtedness and inactive person capable to rise its dividend and buyback. He upgraded his standing to Hold from Sell, with a $65 terms target....
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