Traders Buy High Volume of Exxon Mobil Call Options (NYSE:XOM)

Exxon Mobil Co. (NYSE:XOM - Get Free Report) was the recipient of unusually large options trading on Friday. Stock traders purchased 121,947 call options on the stock. This represents an increase of approximately 53% compared to the typical volume of 79,515 call options.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new position in Exxon Mobil in the 4th quarter valued at $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil in the 1st quarter worth $29,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth $31,000. Elequin Capital LP acquired a new stake in shares of Exxon Mobil in the 1st quarter worth $31,000. Finally, Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth $32,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of XOM stock traded up $2.27 during trading hours on Friday, hitting $112.00. 17,515,741 shares of the company's stock were exchanged, compared to its average volume of 15,635,509. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $482.69 billion, a P/E ratio of 14.28, a P/E/G ratio of 3.02 and a beta of 0.49. The firm has a 50 day moving average of $105.28 and a two-hundred day moving average of $108.82. Exxon Mobil has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $2.06 EPS. Sell-side analysts forecast that Exxon Mobil will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.54%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on XOM shares. Piper Sandler cut Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley decreased their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. UBS Group decreased their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Scotiabank cut their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $125.50.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

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