Jim Cramer’s 9 Failed Predictions From 12 Months Ago

6. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 104

In that older episode, Cramer took a question about Exxon Mobil Corporation (NYSE:XOM) from an investor wondering whether to reallocate into other energy dividend plays after receiving Exxon shares via a merger. Cramer supported a partial rotation while keeping core exposure. Here’s his analysis:

“You make it so hard on me, because the first two.. you know I like those dividends. ET and NPLX have fabulous dividends. But you know what, here’s what you’re going to do: you’re going to sell a quarter of the Exxon and put it in ET, and a quarter in NPLX. Don’t do the HUT, you don’t get the dividend. Keep the other half with Exxon and you’re going to do terrifically.”

Despite Cramer’s split strategy, Exxon stock fell 9.95%, undercutting the outlook.

Exxon Mobil Corporation (NYSE:XOM) is one of the world’s largest publicly traded oil and gas companies, involved in exploration, production, refining, and distribution of petroleum products. Due to the recent drop in oil prices, Cramer gave a bearish outlook on the stock in April, saying:

“Friday’s important, not just because we have Exxon and Chevron. Hey, by the way, the two largest oil companies, and I doubt that they’ll really… have anything good to say because look at the price of oil.”