As one of the shortlisted stocks to watch, XOM stock price traded at $103.01 as of 11:43 AM EDT.
Let’s face it: finding stocks may be challenging, especially with the variety of possibilities available. Concentrating on stocks with robust free cash flow is one method for weeding out rotten apples.
However, What Exactly Is Free Cash Flow and Why Is It So Crucial?
Free cash flow, in its most basic definition, is the amount of money left over after operational and capital expenses have been met. More expansion opportunities, more potential for share buybacks, regular dividend payments, and an easier ability to pay down debt are all made possible by high free cash flow.
In their most recent quarterly reports, Exxon Mobil ( NYSE:XOM ), Microsoft ( NASDAQ:MSFT ), and Pfizer ( NYSE:PFE ) all reported excellent free cash flow.
Stocks to Watch
Exxon Mobil
Exxon Mobil has greatly benefited from rising energy prices in 2022, which has led analysts to increase their earnings forecast dramatically and move the stock into a highly-favorable Zacks Rank #2. (Buy). In its most recent earnings report, XOM announced a staggering $17.3 billion in quarterly free cash flow, representing a significant 60% sequential rise and a staggering 151% year-over-year gain. With a sustainable payout ratio of 36% of earnings and a high annual dividend yield of 3.6%, the company generously rewards its shareholders.
Pfizer
In its most recent announcement , Pfiz...
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