Energy
A $1000 Investment in Exxon at the Market Bottom Would Now Be Worth $1500
Published:
Last Updated:
One of the most difficult parts of trading is timing the markets, although in a bull market this is less of a problem. But it can be particularly difficult calling the market bottom in the middle of a bear market. 24/7 Wall St. is looking back to when the S&P 500 bottomed back in March 2009 to see how some of the major blue chips have fared since then.
Back on March 6, 2009, the S&P 500 bottomed out at 666.79, and from there began perhaps the biggest bull market of the modern era. At the most recent close, the S&P 500 was at 2,732.22, more than quadrupling its bottom nearly nine years ago.
So how does Exxon Mobil Corp. (NYSE: XOM) compare?
On an adjusted close basis, Exxon closed March 6, 2009, at $49.18 a share, or at $64.03 on an unadjusted basis. Exxon closed last Friday at $76.54 on an adjusted basis.
Exxon’s growth over this nine-year period was not so impressive, with shares gaining only 55%. This is one of the few instances where the broad markets have vastly outpaced the stock, especially a giant like Exxon.
Although to be fair, most of Exxon’s gains were wiped out in 2014 when oil prices plummeted. Even then the stock was only valued at roughly $100 per share, practically doubling its number in 2009.
So if you had invested $1,000 in Exxon back then, you would have $1,556.32 as of last Friday’s close.
Over the past 52 weeks, Exxon has underperformed the broad markets, with its shares down about 7%. In just 2018 alone, Exxon is down 9%.
Shares of Exxon were last seen trading near $76, with a consensus analyst price target of $87.19 and a 52-week range of $73.90 to $89.30.
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.