A $1000 Investment in Exxon at the Market Bottom Would Now Be Worth $1500
The S&P 500 has more than quadrupled since its bottom nearly nine years ago. So how does this stack up against Exxon?
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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.
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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.
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Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
