Exxon Mobil Target of Unusually High Options Trading (XOM)
Exxon Mobil Co. (NYSE:XOM) was the target of unusually large options trading on Thursday. Stock investors acquired 30,334 put options on the company. This represents an increase of approximately 143% compared to the typical daily volume of 12,468 put options.
Exxon Mobil (NYSE XOM) opened at 79.50 on Friday. The stock’s 50 day moving average price is $81.71 and its 200 day moving average price is $84.21. The firm has a market capitalization of $336.86 billion, a P/E ratio of 33.17 and a beta of 0.91. Exxon Mobil has a 52 week low of $79.26 and a 52 week high of $95.55.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, April 28th. The oil and gas company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.10. Exxon Mobil had a return on equity of 5.56% and a net margin of 3.47%. The firm had revenue of $63.29 billion for the quarter, compared to the consensus estimate of $64.88 billion. During the same period in the previous year, the business earned $0.43 earnings per share. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil will post $3.95 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 12th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Wednesday, May 10th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.87%. Exxon Mobil’s payout ratio is 159.58%.
A number of equities research analysts recently commented on the company. Vetr upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $85.72 target price on the stock in a research report on Monday, April 3rd. HSBC Holdings plc reiterated a “neutral” rating and issued a $85.00 target price on shares of Exxon Mobil in a research report on Thursday, April 13th. Argus reiterated a “focus list” rating and issued a $104.00 target price (up previously from $91.00) on shares of Exxon Mobil in a research report on Thursday, May 18th. Jefferies Group LLC reiterated a “neutral” rating and issued a $92.00 target price on shares of Exxon Mobil in a research report on Thursday, April 6th. Finally, Morgan Stanley reiterated a “sell” rating and issued a $84.00 target price on shares of Exxon Mobil in a research report on Thursday, April 13th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $89.01.
Hedge funds have recently bought and sold shares of the stock. Harfst & Associates Inc. increased its stake in Exxon Mobil by 0.3% in the first quarter. Harfst & Associates Inc. now owns 3,530 shares of the oil and gas company’s stock worth $289,000 after buying an additional 11 shares during the period. Cordasco Financial Network increased its stake in Exxon Mobil by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after buying an additional 15 shares during the period. Ruggie Capital Group increased its stake in Exxon Mobil by 0.5% in the third quarter. Ruggie Capital Group now owns 3,312 shares of the oil and gas company’s stock worth $288,000 after buying an additional 16 shares during the period. Sterling Global Strategies LLC increased its stake in Exxon Mobil by 0.4% in the fourth quarter. Sterling Global Strategies LLC now owns 5,225 shares of the oil and gas company’s stock worth $472,000 after buying an additional 19 shares during the period. Finally, Genesee Valley Trust Co. increased its stake in Exxon Mobil by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 7,467 shares of the oil and gas company’s stock worth $611,000 after buying an additional 20 shares during the period. Hedge funds and other institutional investors own 51.09% of the company’s stock.
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Exxon Mobil Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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