Exxon Mobil Corporation Sees Unusually High Options Volume (XOM)
Exxon Mobil Corporation (NYSE:XOM) saw some unusual options trading activity on Friday. Traders bought 20,633 put options on the company. This represents an increase of 135% compared to the average volume of 8,774 put options.
A number of research analysts have recently issued reports on XOM shares. Morgan Stanley reiterated a “sell” rating and set a $84.00 price target on shares of Exxon Mobil Corporation in a research note on Thursday, April 13th. HSBC Holdings plc reiterated a “neutral” rating and set a $85.00 price target on shares of Exxon Mobil Corporation in a research note on Thursday, April 13th. Simmons boosted their price target on shares of Exxon Mobil Corporation from $76.00 to $81.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 19th. UBS AG set a $77.00 price target on shares of Exxon Mobil Corporation and gave the stock a “sell” rating in a research note on Tuesday, April 25th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $96.00 price target on shares of Exxon Mobil Corporation in a research note on Tuesday, April 25th. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $84.98.
Exxon Mobil Corporation (NYSE:XOM) traded down 0.42% during midday trading on Thursday, hitting $79.11. 1,281,309 shares of the stock traded hands. The firm has a market cap of $335.20 billion, a P/E ratio of 28.52 and a beta of 0.81. Exxon Mobil Corporation has a 1-year low of $78.27 and a 1-year high of $93.22. The company has a 50-day moving average price of $80.65 and a 200-day moving average price of $81.82.
Exxon Mobil Corporation (NYSE:XOM) last released 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 company had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. Analysts predict that Exxon Mobil Corporation will post $3.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of Exxon Mobil Corporation stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the transaction, the director now directly owns 43,125 shares in the company, valued at $3,459,918.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.08% of the company’s stock.
A number of large investors have recently bought and sold shares of XOM. Sumitomo Mitsui Financial Group Inc. boosted its stake in Exxon Mobil Corporation by 4.9% in the second quarter. Sumitomo Mitsui Financial Group Inc. now owns 27,107 shares of the oil and gas company’s stock worth $2,188,000 after buying an additional 1,277 shares during the period. Commonwealth Bank of Australia boosted its stake in Exxon Mobil Corporation by 0.9% in the second quarter. Commonwealth Bank of Australia now owns 1,594,220 shares of the oil and gas company’s stock worth $128,700,000 after buying an additional 13,460 shares during the period. Engineers Gate Manager LP acquired a new stake in Exxon Mobil Corporation during the second quarter worth $2,549,000. Rathbone Brothers plc boosted its stake in Exxon Mobil Corporation by 0.5% in the second quarter. Rathbone Brothers plc now owns 306,624 shares of the oil and gas company’s stock worth $24,754,000 after buying an additional 1,405 shares during the period. Finally, AGF Investments Inc. boosted its stake in Exxon Mobil Corporation by 2.2% in the second quarter. AGF Investments Inc. now owns 865,687 shares of the oil and gas company’s stock worth $69,908,000 after buying an additional 18,480 shares during the period. Institutional investors and hedge funds own 50.59% of the company’s stock.
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Exxon Mobil Corporation Company Profile
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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