Check Out What Whales Are Doing With XOM

Deep-pocketed investors have adopted a bullish approach towards Exxon Mobil XOM, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in XOM usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 32 extraordinary options activities for Exxon Mobil. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 56% leaning bullish and 43% bearish. Among these notable options, 2 are puts, totaling $99,000, and 30 are calls, amounting to $2,597,970.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $150.0 for Exxon Mobil, spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Exxon Mobil's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Exxon Mobil's whale trades within a strike price range from $95.0 to $150.0 in the last 30 days.

Exxon Mobil 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

About Exxon Mobil

ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas per day. At the end of 2023, reserves were 16.9 billion barrels of oil equivalent, 66% of which were liquids. The company is one the world's largest refiners with a total global refining capacity of 4.5 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.

Where Is Exxon Mobil Standing Right Now?

• With a trading volume of 8,595,257, the price of XOM is up by 0.85%, reaching $117.98.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 24 days from now.

What Analysts Are Saying About Exxon Mobil

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $125.0.

• Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Exxon Mobil with a target price of $125.
• An analyst from TD Cowen has decided to maintain their Buy rating on Exxon Mobil, which currently sits at a price target of $120.
• Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Exxon Mobil, targeting a price of $130.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Exxon Mobil options trades with real-time alerts from Benzinga Pro.