Investors Buy Large Volume of Call Options on Exxon Mobil Corporation (XOM)
Exxon Mobil Corporation (NYSE:XOM) saw unusually large options trading on Wednesday. Investors purchased 42,933 call options on the company. This is an increase of 216% compared to the average volume of 13,590 call options.
A number of equities research analysts have recently issued reports on the company. UBS AG set a $75.00 target price on Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Thursday, June 8th. Scotiabank set a $86.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. Royal Bank Of Canada set a $90.00 target price on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Vetr lowered Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $79.60 target price on the stock. in a research report on Wednesday, August 9th. Finally, HSBC Holdings plc set a $81.50 target price on Exxon Mobil Corporation and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Exxon Mobil Corporation presently has a consensus rating of “Hold” and an average price target of $84.41.
Shares of Exxon Mobil Corporation (NYSE XOM) opened at 78.82 on Friday. The company has a market cap of $333.97 billion, a P/E ratio of 28.41 and a beta of 0.82. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.21. The stock’s 50 day moving average price is $78.44 and its 200 day moving average price is $80.89.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. The company had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. Exxon Mobil Corporation’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. Equities research analysts forecast that Exxon Mobil Corporation will post $3.43 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.91%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is 111.19%.
In other news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the sale, the director now directly owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in XOM. Thomas J. Herzfeld Advisors Inc. bought a new position in Exxon Mobil Corporation during the fourth quarter worth about $101,000. Horan Securities Inc. bought a new position in Exxon Mobil Corporation during the first quarter worth about $102,000. Riggs Asset Managment Co. Inc. grew its holdings in Exxon Mobil Corporation by 27.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 292 shares during the period. CWH Capital Management Inc. bought a new position in Exxon Mobil Corporation during the second quarter worth about $114,000. Finally, Watermark Asset Management Inc. bought a new position in Exxon Mobil Corporation during the first quarter worth about $136,000. Institutional investors own 50.82% 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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