Exxon Mobil Corporation Target of Unusually High Options Trading (XOM)
Exxon Mobil Corporation (NYSE:XOM) saw unusually large options trading on Wednesday. Stock traders purchased 42,933 call options on the stock. This represents an increase of approximately 216% compared to the typical daily volume of 13,590 call options.
In other news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the sale, the director now owns 43,125 shares of the company’s stock, valued at approximately $3,459,918.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.08% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Exxon Mobil Corporation by 3.5% in the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after buying an additional 10,366,636 shares in the last quarter. State Street Corp boosted its position in Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock valued at $17,695,085,000 after buying an additional 15,740,895 shares in the last quarter. Norges Bank acquired a new position in Exxon Mobil Corporation in the fourth quarter valued at about $3,306,084,000. Capital Research Global Investors boosted its position in Exxon Mobil Corporation by 7.0% in the second quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock valued at $2,548,668,000 after buying an additional 2,058,060 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in Exxon Mobil Corporation by 2.7% in the second quarter. Legal & General Group Plc now owns 23,191,344 shares of the oil and gas company’s stock valued at $1,872,300,000 after buying an additional 604,537 shares in the last quarter. Institutional investors and hedge funds own 50.82% of the company’s stock.
Several equities research analysts have recently commented on XOM shares. Vetr lowered Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 price target on the stock. in a research note on Tuesday, June 6th. Scotiabank set a $86.00 price target on Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Saturday, June 17th. Royal Bank Of Canada reissued a “buy” rating and set a $96.00 price target on shares of Exxon Mobil Corporation in a research note on Thursday, June 15th. Societe Generale set a $95.00 price target on Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Finally, Barclays PLC set a $94.00 target price on Exxon Mobil Corporation and gave the company a “buy” rating in a research note on Monday, August 21st. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $84.41.
Exxon Mobil Corporation (NYSE XOM) opened at 78.82 on Friday. The company has a market cap of $333.97 billion, a PE ratio of 28.41 and a beta of 0.82. The firm has a 50-day moving average of $78.44 and a 200-day moving average of $80.89. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.21.
Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. During the same quarter last year, the firm posted $0.41 earnings per share. Exxon Mobil Corporation’s revenue was up 9.0% on a year-over-year basis. On average, analysts predict that Exxon Mobil Corporation will post $3.43 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.91%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is currently 111.19%.
About Exxon Mobil Corporation
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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