Major Move Is Coming For Exxon Mobil Corporation After Bearish Options Activity

 Major Move Is Coming For Exxon Mobil Corporation After Bearish Options Activity

In today’s session Exxon Mobil Corporation (XOM) recorded an unusually high (253) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious XOM decrease. With 253 contracts traded and 48894 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: XOM161118P00077500 closed last at: $0.25 or 8.7% up. About 3.93 million shares traded hands. Exxon Mobil Corporation (NYSE:XOM) has risen 1.65% since April 5, 2016 and is uptrending. It has underperformed by 0.30% the S&P500.

Exxon Mobil Corporation (NYSE:XOM) Ratings Coverage

Out of 17 analysts covering Exxon Mobil (NYSE:XOM), 5 rate it a “Buy”, 5 “Sell”, while 7 “Hold”. This means 29% are positive. $104 is the highest target while $52 is the lowest. The $81.96 average target is -4.11% below today’s ($85.47) stock price. Exxon Mobil has been the topic of 37 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Underperform” rating given by Credit Suisse on Monday, May 2. The rating was maintained by UBS on Monday, May 2 with “Neutral”. The company was maintained on Wednesday, August 19 by Citigroup. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Strong-Buy” rating by Vetr on Wednesday, August 12. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Conviction Buy” rating by Goldman Sachs on Friday, March 18. The firm has “Neutral” rating by Bank of America given on Thursday, June 2. The firm has “Underweight” rating by Barclays Capital given on Thursday, September 3. The rating was upgraded by Goldman Sachs to “Conviction Buy” on Wednesday, July 22. The stock of Exxon Mobil Corporation (NYSE:XOM) has “Equal-Weight” rating given on Monday, October 12 by Barclays Capital. The firm has “Sell” rating by Tudor Pickering given on Tuesday, January 26.

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 Q2 2016. Its down 0.22, from 1.13 in 2016Q1. The ratio is 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.
Tnb Finance has invested 1.5% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Foster Dykema Cabot And Comm Ma holds 1.32% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 60,320 shares. Usca Ria Limited Com has invested 1.7% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Rock Point Ltd Liability, a Vermont-based fund reported 10,745 shares. Tradition Capital Mngmt Lc reported 26,832 shares or 0.84% of all its holdings. Advisory Research last reported 2,686 shares in the company. Beacon Management owns 909 shares or 0.01% of their US portfolio. Stevens First Principles Invest accumulated 30,170 shares or 2.11% of the stock. Fulton Breakefield Broenniman Lc, a Maryland-based fund reported 57,338 shares. Caz Invs Lp has 1.47% invested in the company for 14,800 shares. Eaton Vance Mgmt has 1.44% invested in the company for 5.29M shares. Altavista Wealth Mgmt Inc, a North Carolina-based fund reported 77,737 shares. Waters Parkerson & Co Ltd Limited Liability Company holds 389,557 shares or 3.91% of its portfolio. Spinnaker owns 83,430 shares or 1.08% of their US portfolio. Valentine Ventures Ltd Liability Com accumulated 0.28% or 2,597 shares.

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 3 sales for $2.83 million net activity. $1.22M worth of Exxon Mobil Corporation (NYSE:XOM) was sold by Franklin Robert Stuart. The insider Chapman Neil A sold $1.07 million. Corson Bradley W also sold $544,860 worth of Exxon Mobil Corporation (NYSE:XOM) on Tuesday, June 7.

Exxon Mobil Corporation is an energy company. The company has a market cap of $362.39 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 39.95 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: Nasdaq.com which released: “Exxon Mobil Corporation (XOM) Ex-Dividend Date Scheduled for November 08, 2016” on November 07, 2016, also Investorplace.com with their article: “3 Reasons Exxon Mobil Corporation (XOM) Is Dead Money” published on November 02, 2016, Reuters.com published: “Exxon Mobil profit drops 38 percent but beats estimates” on October 28, 2016. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Businesswire.com and their article: “Exxon Mobil Corporation Declares Fourth Quarter Dividend” published on October 26, 2016 as well as Valuewalk.com‘s news article titled: “Mastercard Inc Rises After Earnings, Exxon Mobil Corporation Declines” with publication date: October 28, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment