Doheny Asset Management CA Has $6.67 Million Position in Exxon Mobil Corporation $XOM

Doheny Asset Management CA decreased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 56,064 shares of the oil and gas company’s stock after selling 1,503 shares during the quarter. Exxon Mobil makes up 5.2% of Doheny Asset Management CA’s investment portfolio, making the stock its 4th largest position. Doheny Asset Management CA’s holdings in Exxon Mobil were worth $6,668,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in XOM. SVB Wealth LLC grew its holdings in Exxon Mobil by 5.2% during the 1st quarter. SVB Wealth LLC now owns 163,088 shares of the oil and gas company’s stock valued at $19,396,000 after buying an additional 8,036 shares in the last quarter. Cadence Bank grew its holdings in Exxon Mobil by 0.4% during the 1st quarter. Cadence Bank now owns 212,146 shares of the oil and gas company’s stock valued at $25,231,000 after buying an additional 834 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Exxon Mobil by 14.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 36,858 shares of the oil and gas company’s stock valued at $4,339,000 after buying an additional 4,761 shares in the last quarter. Bahl & Gaynor Inc. grew its holdings in Exxon Mobil by 14.1% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,181,994 shares of the oil and gas company’s stock valued at $140,575,000 after buying an additional 146,012 shares in the last quarter. Finally, Biondo Investment Advisors LLC grew its holdings in Exxon Mobil by 2.0% during the 1st quarter. Biondo Investment Advisors LLC now owns 139,979 shares of the oil and gas company’s stock valued at $16,648,000 after buying an additional 2,720 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $111.1220 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a 50 day moving average price of $110.24 and a two-hundred day moving average price of $108.89. The company has a market capitalization of $473.74 billion, a P/E ratio of 15.78, a PEG ratio of 2.05 and a beta of 0.53.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business’s revenue was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.14 earnings per share. Analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil’s dividend payout ratio is currently 56.25%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. TD Cowen boosted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an “overweight” rating in a report on Thursday, June 26th. Piper Sandler boosted their price objective on Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $125.00.

Exxon Mobil 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.