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Unusual Options Trades and Divided Sentiment Surrounding Exxon Mobil

Elaine Mendonça by Elaine Mendonça
September 19, 2023
in News
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As of September 19, 2023, an individual with significant financial resources has expressed a positive outlook on Exxon Mobil (NYSE:XOM), as reported by Benzinga. Benzinga’s options scanner has identified 21 uncommon options trades for Exxon Mobil, which is considered to be quite unusual. The sentiment among these high-stakes traders is divided, with 57% being bullish and 42% being bearish. Among the unique options discovered, 14 of them are puts, amounting to a total value of $780,685, while 7 are calls, totaling $1,068,569.

Considering the trading volume and open interest of these contracts, it is evident that influential investors have been targeting a price range between $100.0 and $135.0 for Exxon Mobil over the past three months. The most noteworthy option trades observed include a bearish call trade set to expire on January 19, 2024, with a strike price of $130.00. This particular trade has a total trade price of $410.0K, an open interest of 21.0K, and a volume of 2.0K.

Exxon Mobil Corporation

XOM

Strong Buy

Updated on: 29/09/2023

Financial Health

Very Healthy


Debt to equity ratio: Buy

Price to earnings ratio: Strong Buy

Price to book ratio: Strong Buy

DCF: Strong Buy

ROE: Neutral

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Price Target

Current $119.47

Concensus $104.62


Low $60.00

Median $113.00

High $133.00

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Social Sentiments

8:00 AM (UTC)

Date:29 September, 2023

0
Twitter Sentiment

0
Stocktwits Sentiment

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Analyst Ratings

Analyst / firm Rating
Devin McDermott
Morgan Stanley
Buy
Biraj Borkhataria
RBC Capital
Buy
Neal Dingmann
Truist Financial
Sell
Devin McDermott
Morgan Stanley
Buy
Neil Mehta
Goldman Sachs
Buy
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XOM (Exxon Mobil Corporation) Stock Performance and Financial Analysis – September 19, 2023

XOM (Exxon Mobil Corporation) is a well-known integrated oil company. On September 19, 2023, XOM stock had a previous close of $117.64 and opened at $118.53. Throughout the day, the stock had a range of $116.62 to $118.80. The trading volume for the day was 12,530,630 shares. XOM has a market capitalization of $467.2 billion.

In terms of earnings growth, XOM experienced a significant increase of 145.95% in the previous year. However, this year’s earnings growth has declined by 33.49%. Looking ahead, the projected earnings growth for the next five years is expected to decrease by 11.00%. On the revenue front, XOM saw a growth of 42.75% in the previous year.

XOM’s price-to-earnings (P/E) ratio is 9.4. The price-to-sales ratio is 1.16. The price-to-book ratio is 2.44.

On September 19, 2023, XOM’s stock had a slight decrease of 0.09, resulting in a percentage change of -0.29%. In comparison, Royal Dutch Shell (RYDAF) had a decrease of 0.09 with a percentage change of -0.29%. Total (TTE) had an increase of 0.90 with a percentage change of 1.37%. Statoil (EQNR) had an increase of 0.26 with a percentage change of 0.80%.

XOM’s next reporting date is scheduled for November 3, 2023. The earnings per share (EPS) forecast for this quarter is $2.15. In the previous year, XOM generated an annual revenue of $400.4 billion and a profit of $55.7 billion. The net profit margin for XOM is 13.92%.

XOM’s corporate headquarters is located in Spring, Texas.

Overall, XOM’s stock performance on September 19, 2023, showed a slight decrease. The company has experienced strong earnings and revenue growth in the past, but there are concerns about the declining earnings growth for this year and the next five years. Investors should closely monitor XOM’s financial performance and keep an eye on any updates from the company’s upcoming reporting date.

Exxon Mobil Corp (XOM) Stock Forecast: Potential Increase of 2.28% with Stable Outlook

On September 19, 2023, Exxon Mobil Corp (XOM) stock had a median target price of $120.00, according to 21 analysts offering 12-month price forecasts. The high estimate was $145.00, while the low estimate was $105.00. This median estimate indicated a potential increase of 2.28% from the last recorded price of $117.33.

The consensus among 25 polled investment analysts at that time was to hold stock in Exxon Mobil Corp. This rating had remained unchanged since September, suggesting a stable outlook for the company.

Looking at the current quarter’s performance, Exxon Mobil Corp reported earnings per share of $2.15 and sales of $84.7 billion. The reporting date for these figures was set for November 3.

Tags: XOM
Elaine Mendonça

Elaine Mendonça

Over the last nine years, Elaine has managed investment portfolio using fundamental analysis and value investing, emphasizing long-term time horizons.

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