Stocks That Fell to 3-Year Lows in the Week of Oct. 18
Exxon Mobil Corp. (NYSE:XOM), DuPont de Nemours Inc. (NYSE:DD), Biogen Inc. (NASDAQ:BIIB) and Carnival PLC (NYSE:CUK) have declined to their three-year lows.
Exxon Mobil declined to $67.61
The price of Exxon Mobil shares declined to $67.61 on Oct. 18, which is only 4.4% above the three-year low of $64.65.
Exxon Mobil is an American international 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.
The company has a market cap of $286.07 billion; its shares were traded around $67.61 with a price-earnings ratio of 16.28 and a price-sales ratio of 1.06. The trailing 12-month dividend yield is 4.98%. The forward dividend yield is 5.11%.
On Oct. 14, Exxon Mobil announced it signed agreements with the Indian Institute of Technology locations in Madras and Bombay, expanding its portfolio of research collaboration with India's universities. The five-year agreements focus on progressing research in biofuels, gas transport and low-emissions technologies for the power and industrial sectors. The company has established a series of partnerships to progress research programs with more than 80 universities, five energy centers and multiple private sector partners.
DuPont de Nemours declined to $65.53
The price of DuPont de Nemours shares declined to $65.53 on Oct. 18, which is only 4.1% above the three-year low of $62.87.
DuPont de Nemours is an American international chemical company that was formed by the merger of Dow Chemical and DuPont in 2017. Prior to the spinoff of Dow Inc. and Corteva, the company was the world's largest chemical company in terms of sales. It is a component of the S&P 100.
The company has a market cap of $48.85 billion; its shares were traded around $65.53 with a price-earnings ratio of 55.07 and a price-sales ratio of 0.77. The trailing 12-month dividend yield is 4.59%. The forward dividend yield is 1.81%. DuPont had an annual average earnings growth of 2.10% over the past 10 years.
On Oct. 10, DuPont de Nemours announced the board of directors declared a fourth-quarter dividend of 30 cents per share. The dividend is payable on Dec. 13 to shareholders of record at the close of business on Nov. 29.
Biogen declined to $220.06
The price of Biogen shares declined to $220.06 on Oct. 18, which is only 1.9% above the three-year low of $215.78.
Biogen is an American international biotechnology company specializing in the research, development and delivery of therapies for the treatment of neurodegenerative, hematologic and autoimmune diseases. Some of the company's products include Alprolix, Avonex, Eloctate, Fampyra and Gazyva.
The company has a market cap of $40.59 billion; its shares were traded around $220.06 with a price-earnings ratio of 8.18 and a price-sales ratio of 3.08. Biogen had an annual average earnings growth of 22.70% over the past 10 years.
On Oct. 1, Biogen announced an update to its senior leadership team. Alfred Sandrock has been named executive vice president of research and development in addition to his responsibilities as chief medical officer, while Alphonse Galdes has been appointed executive vice president of pharmaceutical operations and technology. These appointments were effective immediately. Michael D. Ehlers has decided to step down as executive vice president of research and development and left the company on Oct. 11.
Carnival declined to $40.03
The price of Carnival shares declined to $40.03 on Oct. 18, which is only 4.8% above the three-year low of $38.11.
Carnival is a British-American cruise operator and currently the world's largest travel leisure company. The company has a combined fleet of over 100 vessels across 10 cruise line brands. It is composed of two companies, Carnival Corp. and Carnival PLC, which function as one entity. It is the only company in the world to be listed on both the S&P 500 and FTSE 100 indexes.
The company has a market cap of $28.47 billion; its shares were traded around $40.03 with a price-earnings ratio of 8.68 and a price-sales ratio of 1.33. The trailing 12-month dividend yield is 5.01%. The forward dividend yield is 5.01%. Carnival had an annual average earnings growth of 6.80% over the past decade.
On Sept. 25, Carnival announced it signed an agreement with the government of The Bahamas to build two major port developments. Under the agreement, the company will develop a new cruise port destination for the Carnival Cruise Line on Grand Bahama, and the construction of a new addition on the Bahamian island of Little San Salvador.
Disclosure: I do not own stock in any of the companies mentioned in the article.
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This article first appeared on GuruFocus.