Bank of Hawaii Increases Position in Exxon Mobil Co. (NYSE:XOM)

Bank of Hawaii raised its stake in Exxon Mobil Co. (NYSE:XOM) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,057 shares of the oil and gas company’s stock after acquiring an additional 198 shares during the period. Bank of Hawaii’s holdings in Exxon Mobil were worth $5,277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Principal Financial Group Inc. raised its stake in Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after purchasing an additional 521,932 shares during the period. Chiron Investment Management LLC boosted its holdings in Exxon Mobil by 81.5% in the third quarter. Chiron Investment Management LLC now owns 35,744 shares of the oil and gas company’s stock worth $4,190,000 after purchasing an additional 16,049 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in Exxon Mobil by 6.5% during the third quarter. Sunbelt Securities Inc. now owns 150,755 shares of the oil and gas company’s stock valued at $17,672,000 after acquiring an additional 9,209 shares during the period. Fortem Financial Group LLC bought a new stake in Exxon Mobil during the third quarter valued at about $996,000. Finally, TD Private Client Wealth LLC boosted its holdings in Exxon Mobil by 0.4% during the third quarter. TD Private Client Wealth LLC now owns 32,005 shares of the oil and gas company’s stock valued at $3,752,000 after acquiring an additional 134 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Trading Up 5.2 %

XOM opened at $106.00 on Thursday. The firm’s fifty day moving average is $110.61 and its two-hundred day moving average is $113.39. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $459.95 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a twelve month low of $98.13 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the business earned $2.48 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.74%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. TD Cowen dropped their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. UBS Group dropped their price objective on shares of Exxon Mobil from $146.00 to $135.00 and set a “buy” rating for the company in a report on Monday. BMO Capital Markets dropped their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. Finally, Mizuho dropped their price objective on shares of Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.20.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.