Williams Companies Sees Unusually High Options Volume (WMB)
Williams Companies (NYSE:WMB) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 9,874 put options on the company, StockRatingsNetwork reports. This is an increase of approximately 276% compared to the typical volume of 2,625 put options.
In other Williams Companies news, VP Rory Lee Miller sold 11,062 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $43.03, for a total value of $475,997.86. Following the completion of the transaction, the vice president now directly owns 58,199 shares in the company, valued at approximately $2,504,303. The sale was disclosed in a document filed with the SEC, which is available at this link.
WMB has been the subject of a number of recent research reports. Analysts at ISI Group upgraded shares of Williams Companies from a “neutral” rating to a “buy” rating in a research note on Monday. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Williams Companies in a research note on Friday, May 2nd. They now have a $48.00 price target on the stock. Finally, analysts at Jefferies Group downgraded shares of Williams Companies from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. They now have a $44.00 price target on the stock. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $44.67.
Shares of Williams Companies (NYSE:WMB) traded up 1.07% on Tuesday, hitting $44.51. The stock had a trading volume of 5,770,911 shares. Williams Companies has a 52 week low of $31.25 and a 52 week high of $45.43. The stock has a 50-day moving average of $41.59 and a 200-day moving average of $39.21. The company has a market cap of $30.512 billion and a P/E ratio of 73.89.
Williams Companies (NYSE:WMB) last announced its earnings results on Wednesday, April 30th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.02. On average, analysts predict that Williams Companies will post $1.09 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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