Stock Traders Buy High Volume of Put Options on Exxon Mobil Corp. (XOM)
Exxon Mobil Corp. (NYSE:XOM) was the recipient of some unusual options trading on Friday. Stock investors bought 54,529 put options on the company, Stock Ratings Network.com reports. This is an increase of 443% compared to the average volume of 10,035 put options.
In other Exxon Mobil Corp. news, VP S Jack Balagia sold 7,662 shares of Exxon Mobil Corp. stock on the open market in a transaction dated Friday, September 13th. The stock was sold at an average price of $88.75, for a total transaction of $680,002.50. Following the completion of the sale, the vice president now directly owns 133,150 shares of the company’s stock, valued at approximately $11,817,063. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on XOM shares. Analysts at TheStreet reiterated a “buy” rating on shares of Exxon Mobil Corp. (NYSE:XOM) in a research note to investors on Tuesday, September 17th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Exxon Mobil Corp. (NYSE:XOM) in a research note to investors on Tuesday, August 27th. They now have a $91.00 price target on the stock.
One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $95.86.
Shares of Exxon Mobil Corp. (NYSE:XOM) opened at 88.85 on Monday. Exxon Mobil Corp. has a one year low of $84.70 and a one year high of $95.49. The stock’s 50-day moving average is $88.59 and its 200-day moving average is $90.09. The company has a market cap of $391.1 billion and a P/E ratio of 11.16.
Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.55 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.90 by $0.35. The company had revenue of $106.50 billion for the quarter, compared to the consensus estimate of $105.54 million. During the same quarter in the prior year, the company posted $1.80 earnings per share. The company’s quarterly revenue was down 16.4% on a year-over-year basis. Analysts expect that Exxon Mobil Corp. will post $7.62 EPS for the current fiscal year.
Exxon Mobil Corporation (NYSE:XOM) is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products.
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