Exxon Mobil Corporation Sees Unusually High Options Volume (XOM)
Exxon Mobil Corporation (NYSE:XOM) was the recipient of some unusual options trading on Thursday. Traders bought 28,245 put options on the stock. This represents an increase of 116% compared to the typical daily volume of 13,050 put options.
A number of equities analysts have issued reports on XOM shares. BMO Capital Markets set a $78.00 price target on Exxon Mobil Corporation and gave the company a “hold” rating in a research note on Monday, June 26th. Jefferies Group LLC reaffirmed a “neutral” rating and set a $92.00 price target on shares of Exxon Mobil Corporation in a research note on Thursday, April 6th. BNP Paribas reaffirmed a “sell” rating and set a $70.00 price target on shares of Exxon Mobil Corporation in a research note on Wednesday, July 5th. Vetr raised Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.82 price target for the company in a research note on Monday, July 10th. Finally, Morgan Stanley set a $81.00 price target on Exxon Mobil Corporation and gave the company a “sell” rating in a research note on Tuesday, July 11th. Nine equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $85.39.
Institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Exxon Mobil Corporation during the fourth quarter worth approximately $3,306,084,000. State Street Corp boosted its position in Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after buying an additional 15,740,895 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in Exxon Mobil Corporation by 824.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 7,221,961 shares of the oil and gas company’s stock worth $651,912,000 after buying an additional 6,440,709 shares in the last quarter. Harbour Capital Advisors LLC boosted its position in Exxon Mobil Corporation by 8,029.5% in the second quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after buying an additional 3,695,728 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of Exxon Mobil Corporation by 22.7% in the second quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock worth $910,002,000 after buying an additional 2,088,263 shares during the period. 50.61% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Corporation (XOM) traded down 0.14% during midday trading on Thursday, reaching $80.49. The company’s stock had a trading volume of 10,135,638 shares. The firm has a 50 day moving average price of $81.06 and a 200-day moving average price of $82.01. Exxon Mobil Corporation has a 52 week low of $78.27 and a 52 week high of $93.21. The firm has a market cap of $341.04 billion, a P/E ratio of 33.54 and a beta of 0.81.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by $0.05. The firm had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.70%. Exxon Mobil Corporation’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. On average, analysts forecast that Exxon Mobil Corporation will post $3.48 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be paid a dividend of $0.77 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 3.83%. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.
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About Exxon Mobil Corporation
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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