Traders Buy High Volume of Exxon Mobil Corp. Call Options (XOM)
Exxon Mobil Corp. (NYSE:XOM) saw unusually large options trading activity on Wednesday. Stock traders purchased 35,734 call options on the company, AnalystRatings.NET reports. This is an increase of 143% compared to the average daily volume of 14,724 call options.
A number of research firms have recently commented on XOM. Analysts at TheStreet reiterated a “buy” rating on shares of Exxon Mobil Corp. in a research note to investors on Tuesday. Separately, analysts at Raymond James upgraded shares of Exxon Mobil Corp. from an “outperform” rating to a “strong-buy” rating in a research note to investors on Friday, October 4th. They now have a $98.00 price target on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $95.86.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.41% during mid-day trading on Wednesday, hitting $85.16. The stock had a trading volume of 13,538,620 shares. Exxon Mobil Corp. has a 52 week low of $84.70 and a 52 week high of $95.49. The stock has a 50-day moving average of $87.3 and a 200-day moving average of $89.87. The company has a market cap of $374.8 billion and a P/E ratio of 10.76.
Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.55 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.80 earnings per share. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. Analysts expect that Exxon Mobil Corp. will post $7.60 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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