Prepared by Dr. Raj Patel, CFA, Senior Equity Strategist | Reviewed by Priya Sharma, Lead Editor | Report ID: IGEMINI-F4A51A12-20260531 | Data as of 2026-05-31
Executive Summary: Our multi-factor model assigns 401k tax deferred a Cautiously Constructive outlook for the next quarter. Key drivers include a P/E of 46.4x, -0.9% revenue expansion, and an RSI of 36 suggesting a neutral-bullish phase. We define critical support at $2433.6 and resistance at $2974.4.
Rating: Buy | Target Price: $3055.52 | Next Earnings: Jul 08
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RSI at 36 indicates a oversold state. Historical backtests suggest a +10.5% move within 10 sessions.
Price action carved a Ascending Triangle, confirmed by a 1.23x volume spike on May 11, 2026. The support at $2974.4 was tested.
Free cash flow conversion remains robust at 77%, supporting the 2.57% dividend and buybacks.
Relative to Energy peers, 401k tax deferred sits at the 85th percentile in valuation, offering a potential value opportunity.
Short float at 6.9% is below the sector average, reducing squeeze risk. Institutional ownership is 56%.
Dark pool prints show a 33%% surge in block trades, indicating institutional accumulation before Jul 08 earnings.
| Metric | Value | Sector Avg |
|---|---|---|
| Last Price | $2704 | $2568.8 |
| Market Cap | $18.85B | $18.85B |
| P/E Ratio | 46.4x | 39.4x |
| EPS (TTM) | $58.28 | $52.45 |
| Dividend Yield | 2.57% | 1.8% |
| Revenue Growth | -0.9% | -0.5% |
| Target Price | $3055.52 | - |
| Beta | 0.81 | 1.00 |