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Shuda Xia
Shuda Xia
Articles (393) 

Stocks That Fell to 3-Year Lows in the Week of March 6

Enterprise Products Partners, Exxon Mobil, Westpac Banking and HSBC Holdings present buying opportunities

Enterprise Products Partners LP (NYSE:EPD), Exxon Mobil Corp. (NYSE:XOM), Westpac Banking Corp. (NYSE:WBK) and HSBC Holdings PLC (NYSE:HSBC) have reached their three-year lows.

Enterprise Products Partners declined to $22.42

The price of Enterprise Products Partners shares declined to $22.42 on March 6, which is only 2.1% above the three-year low of $21.95.

Enterprise Products Partners is an American natural gas and crude oil pipeline company that is a member of the Fortune 500. The company’s products include crude oil, refined products and petrochemicals. The company also transports oil and gas across over 51,000 miles of pipelines across multiple states and through the Gulf of Mexico.

Enterprise Products Partners has a market cap of $49.08 billion; its shares were traded around $22.42 with a price-earnings ratio of 10.77 and a price-sales ratio of 1.52. The trailing 12-month dividend yield is 7.85%. The forward dividend yield is 7.52%. The company had an annual average earnings growth of 6.60% over the past five years.

On Jan. 30, Enterprise Products Partners announced the board of directors elected its officers, effective immediately. A.J. “Jim” Teague and W. Randall Fowler have each been elected to the role of co-CEO. Teague and Fowler will continue to serve as directors on the board of the company and members of the office of the chairman. Fowler will also continue in his role as the chief financial officer.

Exxon Mobil declined to $47.69

The price of Exxon Mobil shares declined to $47.69 on March 6, which is only 1.0% above the 3-year low of $47.20.

Exxon Mobil is an American oil and gas corporation. The company is the largest direct descendant of John D. Rockefeller’s Standard Oil Company and was ranked second in the Fortune 500 rankings of the largest U.S. corporations by total revenue in 2018.

Exxon Mobil has a market cap of $201.83 billion; its shares were traded around $47.69 with a price-earnings ratio of 14.20 and a price-earnings ratio of 0.79. The trailing 12-month dividend yield is 7.28%. The forward dividend yield is 6.94%.

On Feb. 14, Exxon Mobil announced the board of directors elected Stephen Littleton as vice president of investor relations and corporate secretary, effective March 15. The current vice president, Neil Hansen, has been appointed vice president of fuels for Europe, Middle East and Africa. Littleton has held a variety of financial advisor and management roles, including upstream capital budget advisor, and is currently the vice president of downstream business services and controller.

Westpac Banking declined to $14.06

The price of Westpac Banking shares declined to $14.06 on March 6, which is only 1.4% above the three-year low of $13.86.

Westpac Banking is an Australian bank and financial services provider that is one of the country's “big four” banks. As of March 2018, the company has approximately 14 million customers and employs 40,000 people.

Westpac Banking has a market cap of $49.07 billion; its shares were traded around $14.06 with a price-earnings ratio of 11.37 and a price-sales ratio of 3.60. The trailing 12-month dividend yield is 8.59%. The forward dividend yield is 7.62%.

On March 3, Westpac Banking announced it will decrease variable interest rates by 0.25% per annum for home loan customers, as well as rates on small business cash-based loans and overdrafts. These reductions mean that an owner-occupier customer with a standard variable home loan of $400,000 on principal and interest payments will save an extra $60 per month. These interest rate changes will go into effect on March 17.

HSBC Holdings declined to $32.26

The price of HSBC Holdings shares declined to $32.26 on March 6, which is only 1.2% above the 3-year low of $31.86.

HSBC Holdings PLC is a British international financial services holding company. As of December 2018, it is the largest bank in Europe with total assets of $2.558 trillion. The company has around 3,900 offices in 67 countries across the globe and around 38 million customers. The company is also a component of the FTSE 100.

HSBC has a market cap of $130.61 billion; its shares were traded around $32.26 with a price-earnings ratio of 20.76 and a price-sales ratio of 1.89. The trailing 12-month dividend yield of HSBC is 7.88%. The forward dividend yield is 7.79%.

On Feb. 5, HSBC Holdings announced changes to its senior management team. Stephen Moss was appointed regional chief executive, responsible for Europe, the Middle East, Latin America and Canada. Moss will oversee the company’s activities in the above regions, including defining and overseeing the implementation of plans and priorities in the region to support the group’s strategy. Moss is currently group head of strategy and planning and chief of staff to the group chief executive, and the appointment will be effective March 1.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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