Companies that are exceeding their counterparts should be looked for if you are seeking good Oils-Energy stocks. With a name like Exxon Mobil (XOM), it is no surprise that the company has plenty of interested investors. However, do XOM’s recent results match up to other industry performers? By looking at the year-to-date performance of XOM and the rest of the Oils-Energy group’s stocks, one can answer this question.
XOM’s expert average estimate for full-year profits has increased by 24.02% over the previous quarter. Analyst sentiment around the stock is growing more and more positive, and the company’s profit expectations are on the rise.
XOM has made 35.71% progress year-to-date. On the other hand, the average gain for equities in the Oils-Energy sector has been approximately 19.06 percent. Looking at this data, we can see that the Exxon Mobil stock is outperforming the industry in 2021.
The Oil and Gas – Integrated – International industry comprises XOM as a member along with 15 others. Year-to-date, shares in this category have risen approximately 27.23 percent, and XOM is cruising ahead of others here too.
Oils-Energy investors should keep a close eye on the Exxon Mobil stock as it seeks to maintain or improve its impressive gains.