Exxon Mobil's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors show a divided sentiment towards Exxon Mobil (NYSE:XOM), with a notable lean towards bearishness in recent options activity. Benzinga's tracking revealed 17 extraordinary options activities, with a mix of bullish and bearish sentiments. The major market movers are targeting a price band between $92.5 and $125.0 for Exxon Mobil. The company's current market performance shows a slight decrease in stock price, with an anticipation of earnings release in 37 days. Analyst ratings from Mizuho and Piper Sandler offer a neutral to positive outlook with target prices of $125 and $130, respectively.
March 20, 2024 | 6:31 pm
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NEUTRAL IMPACT
Exxon Mobil sees a mixed sentiment from investors with a bearish tilt in options activity, yet analysts maintain a neutral to positive outlook with target prices suggesting potential upside.
The bearish tilt in options activity suggests short-term caution among investors, potentially impacting the stock price negatively in the short term. However, the neutral to positive analyst ratings, especially with target prices above the current trading price, could counterbalance the bearish sentiment and indicate a potential upside. The mixed sentiment and the upcoming earnings release make the short-term outlook uncertain, hence a neutral score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100