Is Buying Stock Like Exxon Mobil Corporation Good Idea After Today’s Bearish Options Activity?

 Is Buying Stock Like Exxon Mobil Corporation Good Idea After Today's Bearish Options Activity?

In today’s session Exxon Mobil Corporation (XOM) recorded an unusually high (1,293) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious XOM decrease. With 1,293 contracts traded and 116364 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: XOM180119P00085000 closed last at: $8.15 or 1.2% down. About 879,193 shares traded hands. Exxon Mobil Corporation (NYSE:XOM) has declined 0.36% since April 20, 2016 and is downtrending. It has underperformed by 4.91% 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. Exxon Mobil has been the topic of 37 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Underperform” rating by Credit Suisse on Monday, May 2. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Buy” rating by Argus Research on Wednesday, May 18. Vetr downgraded Exxon Mobil Corporation (NYSE:XOM) rating on Wednesday, August 12. Vetr has “Strong-Buy” rating and $86.25 price target. The firm has “Underperform” rating by Macquarie Research given on Wednesday, September 23. The rating was upgraded by Vetr on Thursday, August 20 to “Buy”. The firm has “Underperform” rating by Raymond James given on Wednesday, November 18. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Equal Weight” rating by Barclays Capital on Tuesday, January 12. The firm has “Equal-Weight” rating given on Monday, October 12 by Barclays Capital. The rating was downgraded by Goldman Sachs to “Neutral” on Monday, October 31. Goldman Sachs upgraded the stock to “Conviction Buy” rating in Wednesday, July 22 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 0.87 in Q2 2016. Its down 0.04, from 0.91 in 2016Q1. The ratio dived, 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.
Employees Retirement Of Texas holds 981,700 shares or 1.26% of its portfolio. Riggs Asset Managment holds 0.14% or 2,855 shares in its portfolio. First Dallas holds 2.62% or 36,200 shares in its portfolio. Df Dent has invested 0.06% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Eubel Brady Suttman Asset holds 0.22% of its portfolio in Exxon Mobil Corporation (NYSE:XOM) for 7,132 shares. Affinity Investment Ltd Co holds 546,115 shares or 3.78% of its portfolio. Logan Capital Mgmt holds 0.76% or 95,494 shares in its portfolio. The Alabama-based Stanley has invested 0.75% in Exxon Mobil Corporation (NYSE:XOM). Janney Cap Mgmt Ltd Com last reported 0.31% of its portfolio in the stock. Moreover, Edge Wealth Management Ltd Co has 1.78% invested in Exxon Mobil Corporation (NYSE:XOM) for 45,768 shares. Hwg accumulated 4.34% or 49,876 shares. Bokf Na reported 2.33 million shares or 7.69% of all its holdings. Beese Fulmer Mgmt Inc, a Ohio-based fund reported 106,368 shares. Salient Capital Advsrs Llc owns 583,290 shares or 1.22% of their US portfolio. Duff Phelps Management has 53,755 shares for 0.08% of their US portfolio.

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 4 selling transactions for $4.22 million net activity. Shares for $1.39M were sold by Chapman Neil A on Tuesday, November 15. 6,000 shares with value of $544,860 were sold by Corson Bradley W on Tuesday, June 7. Shares for $1.22M were sold by Franklin Robert Stuart.

Exxon Mobil Corporation is an energy company. The company has a market cap of $360.48 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 40.61 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 important recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Investorplace.com which released: “Exxon Mobil Corporation (XOM) Stock Needs This to Happen” on November 22, 2016, also Nasdaq.com published article titled: “ExxonMobil’s (XOM) Oil Discovery in Guyana Now Commercial”, Investorplace.com published: “Exxon Mobil Corporation (XOM) Stock Gets a Little “Orange” Juice” on November 11, 2016. More interesting news about Exxon Mobil Corporation (NYSE:XOM) was released by: Investorplace.com and their article: “3 Reasons Exxon Mobil Corporation (XOM) Is Dead Money” with publication date: November 02, 2016.

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