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Is Exxon Mobil (XOM) Outperforming Other Oils-Energy Stocks This Year?

Zacks Equity Research
·2-min read

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Exxon Mobil (XOM) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Exxon Mobil is one of 258 companies in the Oils-Energy group. The Oils-Energy group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. XOM is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for XOM's full-year earnings has moved 19.33% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Our latest available data shows that XOM has returned about 55.58% since the start of the calendar year. Meanwhile, the Oils-Energy sector has returned an average of 38.65% on a year-to-date basis. As we can see, Exxon Mobil is performing better than its sector in the calendar year.

Breaking things down more, XOM is a member of the Oil and Gas - Integrated - International industry, which includes 16 individual companies and currently sits at #4 in the Zacks Industry Rank. On average, stocks in this group have gained 50.36% this year, meaning that XOM is performing better in terms of year-to-date returns.

XOM will likely be looking to continue its solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to the company.


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Zacks Investment Research