On May 23, 2023 at 10:26:57 ET an unusually large $966.74K block of Call contracts in Exxon Mobil (XOM) was bought, with a strike price of $105.00 / share, expiring in 150 day(s) (on October 20, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.47 sigmas above the mean, placing it in the 92.78th percentile of all recent large trades made in XOM options.

This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 4827 funds or institutions reporting positions in Exxon Mobil. This is an increase of 65 owner(s) or 1.36% in the last quarter. Average portfolio weight of all funds dedicated to XOM is 1.10%, an increase of 4.99%. Total shares owned by institutions decreased in the last three months by 2.44% to 2,651,396K shares. The put/call ratio of XOM is 0.77, indicating a bullish outlook.

Analyst Price Forecast Suggests 25.18% Upside

As of May 11, 2023, the average one-year price target for Exxon Mobil is 131.40. The forecasts range from a low of 111.10 to a high of $155.40. The average price target represents an increase of 25.18% from its latest reported closing price of 104.97.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Exxon Mobil is 411,239MM, an increase of 3.21%. The projected annual non-GAAP EPS is 11.46.

What are Other Shareholders Doing?

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 125,181K shares representing 3.10% ownership of the company. In it’s prior filing, the firm reported owning 124,355K shares, representing an increase of 0.66%. The firm increased its portfolio allocation in XOM by 17.44% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares holds 95,203K shares representing 2.35% ownership of the company. In it’s prior filing, the firm reported owning 94,477K shares, representing an increase of 0.76%. The firm increased its portfolio allocation in XOM by 17.28% over the last quarter.

XLE – The Energy Select Sector SPDR Fund holds 84,748K shares representing 2.10% ownership of the company. In it’s prior filing, the firm reported owning 88,655K shares, representing a decrease of 4.61%. The firm decreased its portfolio allocation in XOM by 0.60% over the last quarter.

Geode Capital Management holds 73,871K shares representing 1.83% ownership of the company. In it’s prior filing, the firm reported owning 73,350K shares, representing an increase of 0.71%. The firm decreased its portfolio allocation in XOM by 7.40% over the last quarter.

Bank Of America holds 53,875K shares representing 1.33% ownership of the company. In it’s prior filing, the firm reported owning 46,482K shares, representing an increase of 13.72%. The firm decreased its portfolio allocation in XOM by 73.50% over the last quarter.

Exxon Mobil Declares $0.91 Dividend

On April 28, 2023 the company declared a regular quarterly dividend of $0.91 per share ($3.64 annualized). Shareholders of record as of May 16, 2023 will receive the payment on June 9, 2023. Previously, the company paid $0.91 per share.

At the current share price of $104.97 / share, the stock’s dividend yield is 3.47%.

Looking back five years and taking a sample every week, the average dividend yield has been 5.35%, the lowest has been 3.08%, and the highest has been 11.07%. The standard deviation of yields is 1.83 (n=237).

The current dividend yield is 1.03 standard deviations below the historical average.

Additionally, the company’s dividend payout ratio is 0.24. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company’s 3-Year dividend growth rate is 0.05%, demonstrating that it has increased its dividend over time.

Exxon Mobil Background Information
(This description is provided by the company.)

ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world.

Key filings for this company:

• 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ? TRANSITION REPORT PURSUANT TO

This article originally appeared on Fintel

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