Since Warren Buffett announced his purchase of Exxon Mobil stock on behalf of Berkshire Hathaway, the price of the stock has gone up substantially in a two-month period for a company worth over $400 billion. Buffett paid about $90 per share. Since mid-November, the price has flirted with the $100 mark, currently at $99.52 as of the time of this writing. With a 10% or so pop in such a short time, I have heard from investors who have been dollar cost averaging into shares of Exxon and are now considering halting them.
I can’t tell you what to do, but here’s how I would think about it: Exxon Mobil is a beast. … Read the rest of this article!