5 Oversold Energy Stocks You Can Buy

4. Exxon Mobil Corporation (NYSE:XOM)

14-day RSI as of July 19: 37.80

With a market cap of $414 billion, Exxon Mobil Corporation (NYSE:XOM) is the second largest oil and gas company in the world behind Saudi Aramco. As of July 19, the company has a 14-day Relative Strength Index of 37.80.

Exxon Mobil Corporation (NYSE:XOM) plans to build a lithium processing facility in Arkansas which is expected to produce 75,000 to 100,000 metric tons of lithium per year. If the facility manages to reach its production target, it will be producing 15% of all finished lithium produced in 2022.

Exxon Mobil Corporation (NYSE:XOM) has been covered by 16 Wall Street analysts in the last three months with 9 of them maintaining a Buy or Overweight rating. The average analyst price target for the company stands at $125.13, compared to Exxon Mobil Corporation (NYSE:XOM)’s $101.62 stock price at July 19 market close.

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