InvestorPlace: 3 Reasons Why Exxon Mobil Corporation (XOM) Is Seriously Overvalued – 22 December, 2016

3 Reasons Why Exxon Mobil Corporation (XOM) Is Seriously Overvalued

You should steer clear of Exxon stock despite its recent momentum

By Will Ashworth, InvestorPlace Contributor  |  Dec 22, 2016, 12:25 pm EST
The good times are back for oil and gas stocks, which are having their best year as a group since 2007; Exxon Mobil Corporation(NYSE:XOM) is no exception up 16% through Dec. 22. With momentum on its side, it’s time to buy XOM stock. Right? Wrong!

Despite a yield of 3.3% for Exxon stock, one of the highest levels it’s seen in the past decade, Exxon Mobil is a classic case of irrational investor exuberance that could be proven wrong in 2017.

Here are three reasons why.

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