For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Exxon Mobil (XOM) been one of those stocks this year? A quick glance at the company’s year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.
Exxon Mobil is one of 253 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Exxon Mobil is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for XOM’s full-year earnings has moved 23.5% higher within the last quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that XOM has returned about 48% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 25.1%. As we can see, Exxon Mobil is performing better than its sector in the calendar year.
Another Oils-Energy stock, which has outperformed the sector so far this year, is CVR Energy (CVI). The stock has returned 73.2% year-to-date.
The consensus estimate for CVR Energy’s current year EPS has increased 75.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Exxon Mobil belongs to the Oil and Gas – Integrated – International industry, which includes 16 individual stocks and currently sits at #16 in the Zacks Industry Rank. On average, this group has gained an average of 31.7% so far this year, meaning that XOM is performing better in terms of year-to-date returns.
In contrast, CVR Energy falls under the Oil and Gas – Refining and Marketing industry. Currently, this industry has 16 stocks and is ranked #4. Since the beginning of the year, the industry has moved +21.8%.
Exxon Mobil and CVR Energy could continue their solid performance, so investors interested in Oils-Energy stocks should continue to pay close attention to these stocks.
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