Doheny Asset Management CA Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Doheny Asset Management CA lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 9.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,764 shares of the oil and gas company’s stock after selling 2,290 shares during the period. Exxon Mobil comprises approximately 2.0% of Doheny Asset Management CA’s holdings, making the stock its 18th largest holding. Doheny Asset Management CA’s holdings in Exxon Mobil were worth $2,076,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Beacon Harbor Wealth Advisors Inc. raised its stake in shares of Exxon Mobil by 2.3% during the 4th quarter. Beacon Harbor Wealth Advisors Inc. now owns 55,749 shares of the oil and gas company’s stock valued at $5,574,000 after buying an additional 1,265 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Exxon Mobil by 5.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,505,021 shares of the oil and gas company’s stock valued at $250,452,000 after acquiring an additional 118,387 shares during the last quarter. Coombe Bender & Co LLC lifted its holdings in Exxon Mobil by 12.0% in the fourth quarter. Coombe Bender & Co LLC now owns 11,997 shares of the oil and gas company’s stock valued at $1,200,000 after acquiring an additional 1,289 shares during the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives raised its position in Exxon Mobil by 53.4% in the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 166,700 shares of the oil and gas company’s stock valued at $16,667,000 after purchasing an additional 58,000 shares during the period. Finally, Fisher Asset Management LLC raised its position in Exxon Mobil by 566.2% in the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock valued at $1,319,507,000 after purchasing an additional 11,216,602 shares during the period. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Scotiabank upped their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Wells Fargo & Company increased their target price on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday. HSBC increased their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price objective for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.06.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 0.2 %

Exxon Mobil stock traded down $0.21 during midday trading on Friday, hitting $116.03. 28,021,338 shares of the stock were exchanged, compared to its average volume of 18,548,303. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm has a market cap of $457.51 billion, a P/E ratio of 14.22, a P/E/G ratio of 4.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company has a 50 day moving average price of $114.41 and a two-hundred day moving average price of $106.92.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.83 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 9.6 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

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.