Jim Cramer expects Exxon to benefit from megadeal for Pioneer Natural Resources
Publishing timestamp: 2023-10-12 10:37:33
Summary
3) Truist Securities has upgraded their rating on Exxon's stock to buy and increased their price target. They believe that Exxon will benefit from owning Pioneer, particularly in terms of improved well productivity. The article also mentions that Jim Cramer's Charitable Trust owns Pioneer and Coterra Energy, but Cramer intends to sell his stake in Pioneer.
Sentiment: MIXED
Keywords: investment strategy, jim cramer, breaking news: markets, exxon mobil corp, business news, investingclubsample, coterra energy inc, oil and gas, pioneer natural resources co, markets, energy, stock takes,