Check Out What Whales Are Doing With XOM
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Exxon Mobil (NYSE:XOM), with 55% of recent trades being bearish and 45% bullish. The total amount for puts is $703,616 and for calls is $1,514,683. Whales have been targeting a price range from $55.0 to $116.0 for Exxon Mobil over the last 3 months. The current price of XOM is up 1.49% at $107.93. Mizuho, UBS, and Morgan Stanley have maintained their Buy and Overweight ratings on Exxon Mobil, with price targets of $131, $139, and $124 respectively.
August 25, 2023 | 5:46 pm
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NEUTRAL IMPACT
Exxon Mobil has seen a mix of bullish and bearish trades, with a slight lean towards bearish. However, the stock price is currently up and several analysts have maintained positive ratings.
The bearish stance taken by a significant investor could potentially drive the stock price down. However, the current upward trend in the stock price and the positive ratings from analysts suggest that the stock may continue to perform well in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100