Exxon Mobil Target of Unusually Large Options Trading (XOM)

Trump has often said climate change isn't real

Trump has often said climate change isn't real

The company frequently showed investors a number it called a "proxy cost" for greenhouse gasses as a way to assure them it was accounting for potential changes to government policy that would make producing and burning fossil fuels more expensive.

Bank of America Corp upgraded shares of Exxon Mobil Co.

Other institutional investors also recently added to or reduced their stakes in the company. Decreases Stake in Exxon Mobil Co. RKL Wealth Management LLC now owns 32,216 shares of the oil and gas company's stock worth $2,812,000 after buying an additional 2,999 shares during the period. Empirical Finance LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $172,000. Pegasus Partners Ltd. now owns 34,529 shares of the oil and gas company's stock worth $3,014,000 after buying an additional 5,299 shares during the period. ARGA Investment Management LP acquired a new position in Exxon Mobil during the third quarter worth $271,000. Northeast Investment Management now owns 254,007 shares of the oil and gas company's stock worth $22,170,000 after buying an additional 6,741 shares during the last quarter. Physicians Financial Services Inc. raised its stake in shares of Exxon Mobil by 3.3% in the third quarter. Punch & Associates Investment Management Inc. now owns 49,806 shares of the oil and gas company's stock worth $4,347,000 after buying an additional 806 shares during the last quarter. Ltd. boosted its stake in shares of Exxon Mobil by 13.5% in the first quarter. The fund owned 45,804 shares of the oil and gas company's stock after selling 41,594 shares during the period.

Evercore ISI restated an underweight rating on shares of Exxon Mobil in a report on Monday, February 27th. (XOM) opened at 79.50 on Friday. Exxon Mobil Co. has a 52 week low of $80.30 and a 52 week high of $95.55. The firm's 50-day moving average is $81.71 and its 200-day moving average is $84.21. The firm has a market capitalization of $336.86 billion, a price-to-earnings ratio of 33.17 and a beta of 0.91. Exxon Mobil also was the target of unusually large options trading activity on Thursday. Traders acquired 30,334 put options on the stock. This represents an increase of approximately 143% compared to the typical daily volume of 12,468 put options.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 28th. The oil and gas company reported $0.95 EPS for the quarter, beating the Zacks' consensus estimate of $0.85 by $0.10. The firm had revenue of $63.29 billion for the quarter, compared to the consensus estimate of $64.88 billion.

New York's top prosecutor on Friday accused Exxon Mobil of misleading investors about how it accounts for climate change risks, court filings show, offering a rare look inside an ongoing fraud investigation as it pressed the company to turn over more documents. The business's revenue was up 29.9% compared to the same quarter past year. During the same period in the previous year, the company posted $0.43 earnings per share. On average, equities analysts predict that Exxon Mobil will post $3.95 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 12th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Wednesday, May 10th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.75. This represents a $3.08 dividend on an annualized basis and a yield of 3.87%. Exxon Mobil's dividend payout ratio is 159.58%.

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XOM has been the subject of several research analyst reports. Vetr raised Exxon Mobil from a "hold" rating to a "buy" rating and set a $85.72 price target for the company in a research note on Monday, April 3rd. Royal Bank of Canada set a $96.00 target price on shares of Exxon Mobil and gave the stock a "buy" rating in a report on Thursday, May 11th. Argus reaffirmed a "focus list" rating and issued a $104.00 price objective (up from $91.00) on shares of Exxon Mobil in a research note on Thursday, May 18th. Scotiabank set a $90.00 price objective on shares of Exxon Mobil and gave the stock a "hold" rating in a research report on Thursday, March 2nd. Finally, HSBC Holdings plc reissued a "neutral" rating and set a $85.00 price objective on shares of Exxon Mobil in a research report on Thursday, April 13th. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company now has an average rating of "Hold" and an average price target of $89.01.

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