First Hawaiian Bank Has $514,000 Stock Position in Exxon Mobil Corporation $XOM

First Hawaiian Bank lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 84.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,325 shares of the oil and gas company's stock after selling 23,772 shares during the period. First Hawaiian Bank's holdings in Exxon Mobil were worth $514,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CBIZ Investment Advisory Services LLC raised its stake in shares of Exxon Mobil by 15.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 1,094 shares of the oil and gas company's stock worth $130,000 after purchasing an additional 143 shares in the last quarter. Modern Wealth Management LLC raised its stake in shares of Exxon Mobil by 4.4% during the 1st quarter. Modern Wealth Management LLC now owns 116,394 shares of the oil and gas company's stock worth $13,843,000 after purchasing an additional 4,874 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Exxon Mobil by 52.3% during the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock worth $45,149,000 after purchasing an additional 131,600 shares in the last quarter. Strs Ohio bought a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $232,073,000. Finally, Wealth Management Associates Inc. raised its stake in shares of Exxon Mobil by 2.7% during the 1st quarter. Wealth Management Associates Inc. now owns 26,461 shares of the oil and gas company's stock worth $3,147,000 after purchasing an additional 691 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 0.1%

XOM opened at $112.21 on Monday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The company has a market capitalization of $478.38 billion, a P/E ratio of 15.94, a P/E/G ratio of 2.05 and a beta of 0.57. The stock has a fifty day moving average of $110.55 and a 200-day moving average of $109.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter last year, the business earned $2.14 earnings per share. Exxon Mobil's revenue was down 12.4% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. UBS Group upped their price objective on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Morgan Stanley increased their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Finally, Melius Research began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $124.81.

About Exxon Mobil

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.

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