Stock Traders Buy Large Volume of Call Options on Williams Companies (WMB)
Williams Companies (NYSE:WMB) saw unusually large options trading activity on Monday. Traders purchased 29,179 call options on the company, American Banking News.com reports. This is an increase of 126% compared to the average daily volume of 12,935 call options.
In other Williams Companies news, SVP Robyn Ewing sold 3,700 shares of Williams Companies stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $38.44, for a total transaction of $142,228.00. Following the completion of the sale, the senior vice president now directly owns 147,354 shares in the company, valued at approximately $5,664,288. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Williams Companies in a research note to investors on Tuesday, December 24th. They now have a $39.00 price target on the stock. Separately, analysts at Maxim Group initiated coverage on shares of Williams Companies in a research note to investors on Wednesday, November 13th. They set a “buy” rating and a $42.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Williams Companies from $34.00 to $38.00 in a research note to investors on Thursday, October 31st. They now have a “hold” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $41.67.
Shares of Williams Companies (NYSE:WMB) traded up 0.97% on Monday, hitting $38.40. 6,996,302 shares of the company’s stock traded hands. Williams Companies has a one year low of $31.25 and a one year high of $38.68. The stock has a 50-day moving average of $36.21 and a 200-day moving average of $35.33. The company has a market cap of $26.244 billion and a P/E ratio of 43.97.
Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, October 30th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.05. During the same quarter last year, the company posted $0.25 earnings per share. On average, analysts predict that Williams Companies will post $0.82 earnings per share for the current fiscal year.
The Williams Companies, Inc (NYSE:WMB) is an energy infrastructure company focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGLs), and olefins.
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