Energy Updates: SandRidge Energy Inc. (SD)’s Hopes, Chesapeake Energy Corporation (CHK) & Exxon Mobil Corporation (XOM)’s Aggressive Approach

Zacks Reiterates “Neutral” Rating for Exxon Mobil Corp. (XOM) (DailyPolitical)
Zacks reiterated their neutral rating on shares of Exxon Mobil Corporation (NYSE:XOM) in a research report released on Tuesday morning, AnalystRatingsNetwork reports. Zacks currently has a $91.00 price objective on the stock. Zacks’ analyst wrote, “We are maintaining our Neutral recommendation on ExxonMobil following its second-quarter 2013 release. The world’s largest publicly traded energy company reported better-than-expected revenues, stronger margins in the chemical business and lower costs.

TheStreet Reiterates Buy Rating for Exxon Mobil Corp. (XOM) (MideastTime)
TheStreet reissued their buy rating on shares of Exxon Mobil Corporation (NYSE:XOM) in a research report sent to investors on Tuesday morning, Analyst Ratings Network.com reports. “Exxon Mobil Corporation (XOM) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.,” the firm’s analyst wrote.

Chesapeake Energy Corp. Target of Unusually Large Options Trading (CHK) (WatchlistNews)
Shares of Chesapeake Energy Corporation (NYSE:CHK) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 36,113 put options on the stock, StockRatingsNetwork.com reports. This is an increase of approximately 109% compared to the typical daily volume of 17,250 put options. In other Chesapeake Energy Corp. news, EVP Douglas Jacobson sold 12,500 shares of the stock on the open market in a transaction that occured on Friday, August 23rd. The stock was sold at an average price of $26.00, for a total transaction of $325,000.00. Following the completion of the sale, the executive vice president now directly owns 917,245 shares in the company.