ExxonMobil: It’s Time Has Passed?

From Stocks To Watch Today
January 11, 2017 - 10:00am

What should investors do following the big rally in oil stocks in 2016? Wells Fargo's Roger Read and Lauren Hendrix recommend focusing on "companies with some combination of a favorable cost structure and ability to deliver at least modest production growth, yet able to generate free cash flows that can either be directed towards strengthening the balance sheet or for direct shareholder returns." Unfortunately, that doesn't include ExxonMobil (XOM), which they cut to Market Perform from Outperform:

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