Exxon Mobil Sees Unusually High Options Volume (NYSE:XOM)

Exxon Mobil Co. (NYSE:XOM - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Traders bought 105,439 call options on the stock. This represents an increase of approximately 35% compared to the average daily volume of 78,022 call options.

Analyst Ratings Changes

A number of brokerages have recently commented on XOM. Truist Financial raised their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a report on Monday, January 13th. JPMorgan Chase & Co. lowered their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company reduced their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Scotiabank lowered their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Finally, Piper Sandler cut their target price on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.25.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.03% of the stock is owned by company insiders.

Institutional Investors Weigh In On Exxon Mobil

Several hedge funds have recently bought and sold shares of XOM. Probity Advisors Inc. lifted its stake in Exxon Mobil by 12.0% in the fourth quarter. Probity Advisors Inc. now owns 9,934 shares of the oil and gas company's stock valued at $1,069,000 after acquiring an additional 1,067 shares during the last quarter. Dogwood Wealth Management LLC lifted its stake in shares of Exxon Mobil by 4.7% in the 4th quarter. Dogwood Wealth Management LLC now owns 2,234 shares of the oil and gas company's stock valued at $240,000 after purchasing an additional 101 shares during the last quarter. Smith Shellnut Wilson LLC ADV boosted its holdings in Exxon Mobil by 3.3% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 11,161 shares of the oil and gas company's stock worth $1,201,000 after purchasing an additional 358 shares in the last quarter. Audent Global Asset Management LLC increased its position in Exxon Mobil by 392.8% during the fourth quarter. Audent Global Asset Management LLC now owns 11,980 shares of the oil and gas company's stock worth $1,289,000 after buying an additional 9,549 shares during the last quarter. Finally, Fluent Financial LLC raised its holdings in Exxon Mobil by 19.2% during the fourth quarter. Fluent Financial LLC now owns 4,325 shares of the oil and gas company's stock valued at $465,000 after buying an additional 697 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.5 %

Shares of XOM traded up $0.49 during midday trading on Thursday, hitting $105.93. The stock had a trading volume of 4,418,498 shares, compared to its average volume of 14,925,604. The business has a 50-day simple moving average of $108.98 and a two-hundred day simple moving average of $113.98. The firm has a market cap of $459.63 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil has a fifty-two week low of $103.67 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the business posted $2.48 earnings per share. As a group, equities analysts forecast that Exxon Mobil will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.74%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil's payout ratio is 50.51%.

Exxon Mobil Company Profile

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.