Thread regarding ExxonMobil Corp. layoffs

BTW - if you don't vote your own XOM shares in the 401K, the company will vote them for you.
More fine ethics from those who care.

Good advice all around.
Talking to Voya probably the first option.

The 'General Fund' mentioned is from the 401K 'matching' amount - that which is gone now.

In the past - this was Forced into XOM stock only and completely.
Not allocated to the diverse funds you might have selected for your 401K contribution.
This in itself was an atrocious act by the company.
Should have been illegal.
No matter at this point.

Vote your shares while you have them - you know how.

I went to the final career retirement EM seminar in November 2019 and asked the Voya financial planner how much EM stock that I should own in my EM 401k back when the stock price was in the 70s. He recommended ZERO percent. I should have taken his advice.

Diversify is the key to your 401K retirement plan.

If anyone knew with 95% confidence what the price of any individual stock was 6+ months out, we would not be working for our company. We would quit and trade futures on Wall Street making a billion dollars per year.

Don't be the farm on XOM stock in the short term, mid term or even long term. You never know when it will tank.

This is the example everyone should look at as why you don’t double down (ie invest in the company you work for), as the stock goes down so does you employment security

A highly compensated wealth management advisor who works for one of the top brokerage firms worldwide tells me that the last place to get a view on future stock performance is by looking at analyst price outlooks. These analyst use past and current financial data to get good results on near-term pricing, such as leading up to an earnings release, but their record on predicting stock prices 12-24 months out is very bad. He even ignores his own company’s outlook and says history has proven him right.

There is so much bias and lack of transparency on Wall Street that analyst views should be only one source of information and not heavily weighted. We all quote what analysts predict, but in truth, they are almost always wrong, often significantly.

Monitor what the Wall Street analysts are saying over the next few months.

Exxon Mobil Reaches Analyst Target Price
CONTRIBUTOR
BNK Invest BNK Invest
PUBLISHED
APR 30, 2021 9:01AM EDT

https://www.nasdaq.com/articles/exxon-mobil-reaches-analyst-target-price-2021-04-30

In recent trading, shares of Exxon Mobil Corp (Symbol: XOM) have crossed above the average analyst 12-month target price of $58.16, changing hands for $58.94/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.

There are 16 different analyst targets contributing to that average for Exxon Mobil Corp, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $45.00. And then on the other side of the spectrum one analyst has a target as high as $90.00. The standard deviation is $11.834.

But the whole reason to look at the average XOM price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.

And so with XOM crossing above that average target price of $58.16/share, investors in XOM have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $58.16 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Exxon Mobil Corp: (see hyperlink for the analysts recommendations)

Talk to one of the Top 5 Financial Advisors. Usually, they will offer free advice on your 401K plan. They will not ask you to sign a contract for annual fees until you decide to retire or "cash out" of XOM.

XOM stock 401K returns over the last 5-10 years has been "dismal" compared to the other funds that you can transfer your 401K XOM to.

A lot depends on your age, service and cost basis. NUA is available to save on capital gains.
I had stock that with cost basis from $5 to $104. Used NUA on everything below $40, it an advisor should be consulted. If you’ve hired on since the merger, this is probably no issue, as the Corp has been floundering since then…

https://xomsavings.voya.com/static/epweb/pdf/ffs/EMXX.PDF

I know you are stuck with EM stock and don't want to lose money. The simple advise I would give is don't reinvest dividend back into the stock. That's the default. It automatically does that every quarter.

However it won't let you reinvest back into other funds so I just take a distribution and reinvest it to other places.

@1vpf+1aCtMzR0

Used to be requirement for match

It doesn’t matter if XOM or any other single stock has significant upside, capture part of that upside in an index fund or ETF. Never bet a big chunk of your wealth on a single stock, never. Too big of a risk for too risky of a return. Your odds of picking “the winning stock” are very low, while an index or ETF can give you a much better risk/ reward ratio in any given sector. Any investment advisor will say the same.

You’re a f—l if you’re investing in this company and working for this company

Energy stocks have underperformed many sectors the last few years. We are in a new commodity bull market. Xom will do well as economy recovers. Not the best time to reallocate to bonds or stocks near all time highs. Time to buy was last March. Buy low, sell high. Stay put and collect that Dividend!

Take a look at the Voya generated "Historical Performance Investment" Table in your quarterly report. Every other bucket has outperformed XOM for the last 5-10 years.

The XOM dividend is nice, but the other Investment Funds trump XOM dividends over the last 5-10 years.

High weighting in blended fund. Very little in international at this time. Skip fixed income altogether. Talk with Voya regarding selecting shares to liquidate based on cost basis. Get everything you can into Roth designated accounts. Dilute XOM to no more than 10% max, 5% even better. DIVERSIFY!