This Is What Whales Are Betting On Exxon Mobil
Portfolio Pulse from Benzinga Insights
A significant bullish position has been taken on Exxon Mobil (NYSE:XOM), as observed from publicly available options history. The sentiment among these big-money traders is split between 53% bullish and 46% bearish. Whales have been targeting a price range from $70.0 to $135.0 for Exxon Mobil over the last 3 months. The price of XOM is up 3.31% at $109.86. UBS, Mizuho, and Truist Securities have maintained their Buy and Hold ratings on Exxon Mobil, while RBC Capital has downgraded its action to Sector Perform.
August 17, 2023 | 3:17 pm
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POSITIVE IMPACT
A significant bullish position has been taken on Exxon Mobil, indicating potential positive movement. The stock price is up 3.31% at $109.86. Analysts have maintained their ratings, with a downgrade from RBC Capital.
The bullish position taken by big-money traders indicates a positive sentiment towards Exxon Mobil, which could drive the stock price up in the short term. The maintained ratings from analysts further support this, although the downgrade from RBC Capital may slightly dampen the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100