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5 Reasons to Buy and Hold Exxon Mobil For 2024

Key Points

  • Exxon Mobil's price begins to correct as oil prices fall, but this is not the time to sell. 
  • Energy prices will trend higher given the supply-demand imbalance. 
  • Robust cash flows allow Exxon to pay dividends and whittle down its debt. 
  • MarketBeat previews the top five stocks to own by March 1st.

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Should You Invest $1,000 in Exxon Mobil Right Now?

Before you consider Exxon Mobil, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exxon Mobil wasn't on the list.

While Exxon Mobil currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

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Thomas Hughes
About The Author

Thomas Hughes

Contributing Author

Technical and Fundamental Analysis

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Exxon Mobil (XOM)
4.8737 of 5 stars
$110.67-1.2%3.58%14.12Moderate Buy$129.25
Energy Select Sector SPDR Fund (XLE)N/A$90.93-2.1%3.54%8.52Moderate Buy$90.93
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