ExxonMobil Stock Still Looks Cheap to Analysts - Short Put Plays Have High Yields

ExxonMobil Corp (XOM) stock is off its lows but still looks cheap to analysts. After all, XOM has a 3.6% annual dividend yield and a forward multiple below 13x earnings. Moreover, selling short out-of-the-money put options is a good income play.

XOM closed at $109.02 on Friday, March 7, up from a recent low of $105.44 on March 5.  I discussed Exxon's cash flow, dividends, and valuation in a Feb. 3 Barchart article: “ExxonMobil Gushes Huge Cash Flow Albeit at Lower Levels - Is it Time to Buy?”