First Hawaiian Bank Purchases 476 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jul 3rd, 2023

First Hawaiian Bank grew its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,135 shares of the oil and gas company’s stock after acquiring an additional 476 shares during the quarter. First Hawaiian Bank’s holdings in Exxon Mobil were worth $4,401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of XOM. Moneta Group Investment Advisors LLC lifted its position in Exxon Mobil by 140,855.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after acquiring an additional 123,254,064 shares in the last quarter. Norges Bank purchased a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $5,226,390,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Exxon Mobil by 94.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock valued at $3,463,672,000 after purchasing an additional 19,230,872 shares in the last quarter. Morgan Stanley boosted its position in shares of Exxon Mobil by 11.9% during the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after buying an additional 5,566,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Exxon Mobil by 272.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,606,938 shares of the oil and gas company’s stock worth $287,545,000 after buying an additional 1,906,940 shares in the last quarter. 58.59% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.5 %

Exxon Mobil stock opened at $107.25 on Monday. The firm has a market capitalization of $433.61 billion, a price-to-earnings ratio of 7.26, a P/E/G ratio of 0.62 and a beta of 1.09. The firm has a 50 day simple moving average of $107.10 and a 200 day simple moving average of $109.68. Exxon Mobil Co. has a 1-year low of $80.69 and a 1-year high of $119.92. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19.

Exxon Mobil (NYSE:XOM – Free Report) last announced its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.18. The company had revenue of $86.56 billion during the quarter, compared to analysts’ expectations of $90.07 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.07 earnings per share. On average, analysts predict that Exxon Mobil Co. will post 9.46 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s payout ratio is 24.64%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $116.11, for a total transaction of $290,275.00. Following the sale, the vice president now owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on XOM shares. Mizuho dropped their price objective on Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. Truist Financial boosted their price target on shares of Exxon Mobil from $116.00 to $118.00 in a report on Monday, May 1st. HSBC increased their price objective on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research note on Thursday, April 20th. Scotiabank downgraded Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $140.00 to $135.00 in a research note on Thursday, April 13th. Finally, UBS Group raised Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price target for the company from $125.00 to $144.00 in a research report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.70.

Exxon Mobil Profile

(Free Report)

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.