The First Hawaiian Bank Raises Position in Exxon Mobil Corp. (XOM)

The First Hawaiian Bank Raises Position in Exxon Mobil Corp. (XOM)

First Hawaiian Bank increased its position in shares of Exxon Mobil Corp. (NYSE:XOM) by 24.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,320 shares of the company’s stock after buying an additional 2,600 shares during the period. First Hawaiian Bank’s holdings in Exxon Mobil Corp. were worth $1,161,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BB&T Corp boosted its position in shares of Exxon Mobil Corp. by 18.4% in the second quarter. BB&T Corp now owns 952,980 shares of the company’s stock worth $89,332,000 after buying an additional 148,235 shares during the last quarter. Kessler Investment Group LLC boosted its position in shares of Exxon Mobil Corp. by 7.8% in the third quarter. Kessler Investment Group LLC now owns 33,551 shares of the company’s stock worth $2,928,000 after buying an additional 2,428 shares during the last quarter. Concannon Wealth Management LLC boosted its position in shares of Exxon Mobil Corp. by 0.5% in the second quarter. Concannon Wealth Management LLC now owns 5,399 shares of the company’s stock worth $506,000 after buying an additional 27 shares during the last quarter. Shell Asset Management Co. boosted its position in shares of Exxon Mobil Corp. by 14.7% in the second quarter. Shell Asset Management Co. now owns 867,880 shares of the company’s stock worth $81,355,000 after buying an additional 111,027 shares during the last quarter. Finally, Eagle Global Advisors LLC boosted its position in shares of Exxon Mobil Corp. by 5.7% in the second quarter. Eagle Global Advisors LLC now owns 149,569 shares of the company’s stock worth $14,021,000 after buying an additional 8,014 shares during the last quarter. 49.95% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Corp. (NYSE:XOM) traded down 1.80% during mid-day trading on Thursday, reaching $84.73. 16,382,903 shares of the company’s stock were exchanged. Exxon Mobil Corp. has a 52-week low of $72.61 and a 52-week high of $95.55. The company has a 50-day moving average of $88.99 and a 200-day moving average of $87.98. The stock has a market cap of $351.35 billion, a price-to-earnings ratio of 39.67 and a beta of 0.89.

Exxon Mobil Corp. (NYSE:XOM) last released its quarterly earnings results on Friday, October 28th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Exxon Mobil Corp. had a net margin of 3.98% and a return on equity of 5.04%. The company had revenue of $58.68 billion for the quarter, compared to analyst estimates of $61.34 billion. During the same period last year, the firm earned $1.01 earnings per share. The firm’s revenue was down 12.9% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Corp. will post $2.19 earnings per share for the current year.

A number of brokerages have issued reports on XOM. Jefferies Group set a $92.00 price objective on shares of Exxon Mobil Corp. and gave the company a “neutral” rating in a research note on Tuesday. Wells Fargo & Co. cut shares of Exxon Mobil Corp. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 11th. They noted that the move was a valuation call. Vetr raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Monday, January 9th. JPMorgan Chase & Co. set a $94.00 price objective on shares of Exxon Mobil Corp. and gave the company a “neutral” rating in a research note on Monday, January 9th. Finally, Goldman Sachs Group Inc. set a $96.00 price target on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a research report on Monday, December 26th. Eight research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. Exxon Mobil Corp. currently has a consensus rating of “Hold” and a consensus price target of $87.52.

In related news, insider Sara N. Ortwein sold 5,000 shares of the firm’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $90.88, for a total transaction of $454,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Neil A. Chapman sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $87.00, for a total transaction of $1,392,000.00. Following the transaction, the vice president now directly owns 222,299 shares in the company, valued at $19,340,013. The disclosure for this sale can be found here. Insiders have sold 63,054 shares of company stock worth $5,544,316 over the last three months. 0.14% of the stock is owned by insiders.

About Exxon Mobil Corp.

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

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