Could Exxon Mobil Corporation Change Direction After Today’s Bearish Options Activity?

 Could Exxon Mobil Corporation Change Direction After Today's Bearish Options Activity?

In today’s session Exxon Mobil Corporation (XOM) recorded an unusually high (187) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious XOM decrease. With 187 contracts traded and 4034 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: XOM161021P00085500 closed last at: $0.92 or 27.8% up. About 3.91M shares traded hands. Exxon Mobil Corporation (NYSE:XOM) has risen 5.58% since March 3, 2016 and is uptrending. It has underperformed by 2.76% the S&P500.

Analysts await Exxon Mobil Corporation (NYSE:XOM) to report earnings on November, 4. They expect $0.87 EPS, down 13.86% or $0.14 from last year’s $1.01 per share. XOM’s profit will be $3.64 billion for 25.11 P/E if the $0.87 EPS becomes a reality. After $0.41 actual EPS reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 112.20% EPS growth.

Exxon Mobil Corporation (NYSE:XOM) Ratings Coverage

Out of 17 analysts covering Exxon Mobil (NYSE:XOM), 6 rate it a “Buy”, 5 “Sell”, while 6 “Hold”. This means 35% are positive. Exxon Mobil has been the topic of 36 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was downgraded by Vetr to “Strong-Buy” on Wednesday, August 12. The firm has “Equal Weight” rating given on Tuesday, January 12 by Barclays Capital. The firm has “Outperform” rating given on Tuesday, December 15 by Credit Agricole. The firm has “Reduce” rating by Nomura given on Friday, March 18. Credit Suisse maintained Exxon Mobil Corporation (NYSE:XOM) on Monday, May 2 with “Underperform” rating. On Thursday, August 20 the stock rating was upgraded by Vetr to “Buy”. The company was maintained on Wednesday, August 19 by Citigroup. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Equal-Weight” rating given on Monday, October 12 by Barclays Capital. Deutsche Bank maintained Exxon Mobil Corporation (NYSE:XOM) on Tuesday, March 29 with “Hold” rating. Macquarie Research initiated the stock with “Underperform” rating in Wednesday, September 23 report.

According to Zacks Investment Research, “Exxon Mobil Corporation’s principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. Exxon Mobil is a major manufacturer and marketer of basic petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon Mobil is engaged in exploration for, and mining and sale of coal, copper and other minerals.”

Insitutional Activity: The institutional sentiment decreased to 0.91 in 2016 Q2. Its down 0.22, from 1.13 in 2016Q1. The ratio turned negative, as 64 funds sold all Exxon Mobil Corporation shares owned while 811 reduced positions. 93 funds bought stakes while 702 increased positions. They now own 2.05 billion shares or 3.72% less from 2.13 billion shares in 2016Q1.
Nicholas Partners L P accumulated 0.21% or 32,662 shares. Parthenon Ltd Company owns 222,998 shares or 5.25% of their US portfolio. Mitchell Mcleod Pugh & Williams reported 32,225 shares or 2.73% of all its holdings. Wilbanks Smith And Thomas Asset Mgmt Lc last reported 87,414 shares in the company. The Virginia-based Toth Advisory Corporation has invested 0.22% in Exxon Mobil Corporation (NYSE:XOM). Todd Asset reported 11,497 shares or 0.03% of all its holdings. Rockefeller Finance Services Inc accumulated 1.07 million shares or 2.01% of the stock. River & Mercantile Asset Mngmt Limited Liability Partnership holds 2.63% or 65,088 shares in its portfolio. Southeast Asset Inc owns 97,912 shares or 3.02% of their US portfolio. The California-based Money Mgmt Ltd Liability Company has invested 2.18% in Exxon Mobil Corporation (NYSE:XOM). Rhumbline Advisers has 1.84% invested in the company for 6.64M shares. Robeco Institutional Asset Management Bv has 0.46% invested in the company for 640,463 shares. Aqr Capital Mgmt Ltd accumulated 0.46% or 2.75 million shares. Hallmark Inc has invested 2.41% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Numeric Investors accumulated 314,090 shares or 0.26% of the stock.

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 3 insider sales for $2.83 million net activity. On Monday, June 6 Chapman Neil A sold $1.07M worth of the stock or 12,000 shares. Corson Bradley W also sold $544,860 worth of Exxon Mobil Corporation (NYSE:XOM) shares. $1.22M worth of shares were sold by Franklin Robert Stuart on Wednesday, August 24.

Exxon Mobil Corporation is an energy company. The company has a market cap of $365.57 billion. The Firm is engaged in the exploration and production of natural gas and crude oil, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. It has a 34.72 P/E ratio. The Firm also makes and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

XOM Company Profile

Exxon Mobil Corporation, incorporated on August 5, 1882, is an energy company. The Firm is engaged in the exploration and production of natural gas and crude oil, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Firm also makes and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products. The Firm operates through the Upstream, Downstream, Chemical, and Corporate and Financing divisions. The Upstream segment operates explores for and produces natural gas and crude oil. The Downstream segment makes and sells petroleum products. The Chemical segment makes and sells petrochemicals. The Company’s projects include the Kearl project, Heidelberg project, the Point Thomson project, the Hadrian South project, the Lucius project, Azeri-Chirag-Gunashli field, the Barzan project, the Arkutun-Dagi project, and the Upper Zakum 750 project, among others.

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Businesswire.com which released: “ExxonMobil Announces Retirement of Jack Balagia and Expected Election of …” on September 30, 2016, also Seekingalpha.com with their article: “Is Exxon Mobil Corp. Stock Still A Good Pick?” published on September 29, 2016, Investorplace.com published: “Why BlackBerry Ltd (BBRY), Dillard’s, Inc. (DDS) and Exxon Mobil Corporation …” on September 28, 2016. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Investorplace.com and their article: “Exxon Mobil Corporation: Catch This Machete! (XOM)” published on September 21, 2016 as well as Prnewswire.com‘s news article titled: “Repsol, Exxon Mobil Corporation, Petronas and Royal Dutch Shell are Expanding …” with publication date: September 29, 2016.

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