10 Most Undervalued Oil Stocks To Buy According To Analysts

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1. Exxon Mobil Corporation (NYSE:XOM)

Forward Price-to-Earnings Ratio: 14.11

Analyst Upside: 11.99%

Number of Hedge Fund Holders: 94

Exxon Mobil Corporation (NYSE:XOM) is one of the 10 most undervalued oil stocks to buy according to analysts. On June 4, UBS analysts maintained their $130 price target and reiterated a Buy rating on Exxon Mobil Corporation (NYSE:XOM). The update followed an investor meeting with Jim Chapman, vice president of investor relations and treasurer, and Darren Woods, chairman and CEO of ExxonMobil.

The acquisition of Pioneer Natural Resources, ExxonMobil’s technological advantages, and the company’s possible effects on the Permian Basin were among the key topics of discussion during the conference. Additionally, analysts focused on the Chevron/Hess arbitration as well as current market dynamics.

Moreover, ExxonMobil’s strong asset base and growth across its various divisions were cited by UBS analysts as factors contributing to the company’s solid prospects over the next five years. Their optimistic outlook was also bolstered by advances in cost structure, low carbon investments, and financial strength.

Exxon Mobil Corporation (NYSE:XOM) engages in the production, trade, transportation, and sale of crude oil, natural gas, petroleum products, petrochemicals, and specialized goods.

While we acknowledge the potential of XOM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XOM and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.

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