Exxon Mobil Target of Unusually Large Options Trading (NYSE:XOM)

Exxon Mobil Co. (NYSE:XOMGet Rating) was the target of unusually large options trading activity on Friday. Stock investors bought 214,025 call options on the company. This is an increase of approximately 40% compared to the typical daily volume of 153,294 call options.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $96.93 on Friday. Exxon Mobil has a one year low of $52.10 and a one year high of $105.57. The company has a market cap of $408.32 billion, a PE ratio of 16.07, a P/E/G ratio of 0.33 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07. The business has a 50-day simple moving average of $91.40 and a 200-day simple moving average of $85.24.

Exxon Mobil (NYSE:XOMGet Rating) last posted its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.82. The firm had revenue of $115.68 billion during the quarter, compared to analysts’ expectations of $111.67 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The firm’s revenue was up 70.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 earnings per share. On average, equities research analysts forecast that Exxon Mobil will post 11.46 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 12th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Thursday, August 11th. Exxon Mobil’s payout ratio is 58.37%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. Royal Bank of Canada upgraded Exxon Mobil from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $90.00 to $100.00 in a report on Thursday, April 21st. Cowen lifted their price target on Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Credit Suisse Group upgraded Exxon Mobil from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $115.00 to $125.00 in a report on Tuesday, June 21st. Argus lifted their price target on Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. Finally, Cowen lifted their price target on Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $94.73.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the sale, the vice president now owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the sale, the vice president now owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the completion of the sale, the vice president now directly owns 32,510 shares in the company, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. Corporate insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Exxon Mobil by 2.5% during the first quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock worth $30,098,496,000 after purchasing an additional 8,825,023 shares during the last quarter. State Street Corp lifted its stake in Exxon Mobil by 0.4% in the fourth quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock valued at $15,494,002,000 after buying an additional 1,128,974 shares during the last quarter. Geode Capital Management LLC lifted its stake in Exxon Mobil by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock valued at $4,322,078,000 after buying an additional 3,441,825 shares during the last quarter. Norges Bank purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $3,184,424,000. Finally, GQG Partners LLC lifted its stake in Exxon Mobil by 59.9% in the first quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company’s stock valued at $4,277,527,000 after buying an additional 19,403,556 shares during the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.

Exxon Mobil Company Profile

(Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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