Doheny Asset Management CA Sells 600 Shares of Exxon Mobil Co. (NYSE:XOM)

Doheny Asset Management CA reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,567 shares of the oil and gas company’s stock after selling 600 shares during the quarter. Exxon Mobil comprises 4.6% of Doheny Asset Management CA’s holdings, making the stock its 4th biggest position. Doheny Asset Management CA’s holdings in Exxon Mobil were worth $6,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fairway Wealth LLC acquired a new position in Exxon Mobil during the 4th quarter worth approximately $31,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the 4th quarter valued at $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil during the 4th quarter worth $47,000. Finally, Synergy Investment Management LLC bought a new position in Exxon Mobil during the 4th quarter worth $47,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $111.98 on Friday. The firm has a market capitalization of $485.90 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The business has a fifty day moving average of $109.34 and a 200 day moving average of $113.68. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the business posted $2.48 EPS. As a group, research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. Exxon Mobil’s payout ratio is currently 50.51%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. TD Cowen dropped their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. BMO Capital Markets reduced their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Scotiabank reduced their target price on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Finally, UBS Group dropped their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

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.