Traders Purchase High Volume of Exxon Mobil Corporation Call Options (XOM)

Exxon Mobil Corporation (NYSE:XOM) was the recipient of unusually large options trading on Friday. Stock traders acquired 58,131 call options on the stock. This represents an increase of 255% compared to the average volume of 16,358 call options.

Several equities analysts recently weighed in on the company. Maxim Group assumed coverage on Exxon Mobil Corporation in a research report on Thursday, May 11th. They set a “hold” rating on the stock. Bank of America Corp upgraded Exxon Mobil Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $95.00 to $100.00 in a research report on Thursday, May 11th. Zacks Investment Research upgraded Exxon Mobil Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, April 4th. Vetr downgraded Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.71 target price on the stock. in a research report on Tuesday, June 6th. Finally, Royal Bank of Canada set a $96.00 target price on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Thursday, May 11th. Nine investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $85.46.

Shares of Exxon Mobil Corporation (NYSE:XOM) opened at 80.17 on Wednesday. The firm’s 50-day moving average price is $81.06 and its 200-day moving average price is $82.01. The firm has a market cap of $339.68 billion, a price-to-earnings ratio of 33.40 and a beta of 0.82. Exxon Mobil Corporation has a 52 week low of $78.27 and a 52 week high of $93.21.

Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings data 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 return on equity of 7.70% and a net margin of 4.75%. The business had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. During the same period in the prior year, the firm posted $0.41 EPS. Exxon Mobil Corporation’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Corporation will post $3.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors 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 3.84%. Exxon Mobil Corporation’s dividend payout ratio is presently 111.19%.

Institutional investors have recently bought and sold shares of the company. Palisade Asset Management LLC boosted its position in Exxon Mobil Corporation by 23.5% in the second quarter. Palisade Asset Management LLC now owns 148,893 shares of the oil and gas company’s stock valued at $12,020,000 after buying an additional 28,335 shares in the last quarter. Summit Financial Strategies Inc. purchased a new position in shares of Exxon Mobil Corporation during the second quarter valued at about $498,000. Corundum Group Inc. raised its position in shares of Exxon Mobil Corporation by 2.0% in the second quarter. Corundum Group Inc. now owns 10,531 shares of the oil and gas company’s stock valued at $850,000 after buying an additional 206 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Exxon Mobil Corporation during the second quarter valued at about $969,000. Finally, Arrow Financial Corp raised its position in shares of Exxon Mobil Corporation by 2.1% in the second quarter. Arrow Financial Corp now owns 75,972 shares of the oil and gas company’s stock valued at $6,132,000 after buying an additional 1,563 shares in the last quarter. 50.61% of the stock is owned by institutional investors and hedge funds.

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Exxon Mobil Corporation 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.