Stock Traders Purchase High Volume of Exxon Mobil Corp. Put Options (XOM)
Exxon Mobil Corp. (NYSE:XOM) was the target of unusually large options trading activity on Thursday. Stock traders acquired 33,788 put options on the stock, Stock Ratings Network reports. This represents an increase of 117% compared to the typical daily volume of 15,541 put 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, October 8th. 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 analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $95.86.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded up 0.19% on Thursday, hitting $87.48. 10,428,793 shares of the company’s stock traded hands. 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 $89.74. The company has a market cap of $385.1 billion and a price-to-earnings ratio of 10.99.
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. On average, analysts predict that Exxon Mobil Corp. will post $7.51 earnings per share 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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