Is Exxon (XOM) Undervalued?

Is it possible for the world's largest publicly traded company to be undervalued? While many of the world's oil suppliers have been rallying nicely as oil prices have been rising, Exxon Mobil has been stagnant. Exxon finished the week at $68.76. Exxon's shares appears undervalued just based on valuation alone. Although the market may be underestimating Exxon's earnings power, analysts are not making the same mistake. Fast Money's Tim Seymour is a fan of many of the large integrated oil companies. He believes that Exxon (

), BP (

), and ConocoPhillips (

) are all good values. Macquarie recently upgraded Exxon Mobil (

) and placed an $88 price target on the stock. Bank of America has an $82 target on Exxon's shares. Barclay's has a $92 price target on the oil giant. Exxon has a real chance for an earnings surprise this year. The stock is priced for earnings of $5.71 for the year. This estimate was based on oil below $60. With higher commodity prices, Exxon could easily blow those estimates out of the water.