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Recent Articles
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Not Being Greedy as Shares of Exxon Mobil and Chevron Have Soared
Apr 1, 2023
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Image: Shares of Exxon Mobil were added to the newsletter portfolios in mid-June 2021 and rocketed higher for some huge “gains” over the past year or so. We still expect upside potential at both Exxon Mobil and Chevron on the basis of our fair value estimate ranges, but we removed shares of both on March 13, 2023.
We received a number of questions about why we removed Exxon Mobil Corp. and Chevron Corp. from the newsletter portfolios, despite our point estimate of their intrinsic values being higher than where their share prices are trading. As of the end of the first quarter of 2023, March 31, for example, shares of Exxon Mobil are trading at $109.66 per share with a fair value estimate of $133 per share, while shares of Chevron Mobil are trading at $163.16 per share with a fair value estimate of $198 per share. Exxon Mobil has a Dividend Cushion ratio of 2.8, while Chevron has a Dividend Cushion ratio of 2.4. Both Exxon Mobil and Chevron remain strong investment considerations, not only as it relates to valuation but also as it relates to the strength of their respective dividends. However, we don’t want to be too greedy with these “winners,” particularly as both commodity-producers have now entered "fair value" territory. Let's talk more about why we removed Exxon Mobil and Chevron from the newsletter portfolios in this article.
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Dividend Increases/Decreases for the Week of March 31
Mar 31, 2023
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Let's take a look at firms raising/lowering their dividends this week.
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Dividends, Dividends, Dividends
Mar 30, 2023
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Valuentum's President of Investment Research Brian Nelson shares three unique insights on dividends not commonly discussed among investors. The transcript of the video can be found in this article.
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The Real Reason Why Moats Matter
Mar 27, 2023
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Image Source: Ray in Manila.
Let's sit down with President of Investment Research Brian Nelson for his take on economic moats, and why he still likes the areas of large cap growth and big cap tech.
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