Bonness Enterprises Inc. lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,799 shares of the company’s stock after selling 54 shares during the period. Exxon Mobil makes up approximately 1.7% of Bonness Enterprises Inc.’s holdings, making the stock its 18th largest position. Bonness Enterprises Inc.’s holdings in Exxon Mobil were worth $1,855,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in XOM. Lowe FS boosted its stake in shares of Exxon Mobil by 3.9% in the third quarter. Lowe FS now owns 3,733 shares of the company’s stock worth $278,000 after buying an additional 140 shares in the last quarter. Ken Stern & Associates raised its position in Exxon Mobil by 13.9% in the third quarter. Ken Stern & Associates now owns 4,722 shares of the company’s stock worth $351,000 after buying an additional 576 shares during the last quarter. Baker Avenue Asset Management raised its position in Exxon Mobil by 1,580.1% in the third quarter. Baker Avenue Asset Management now owns 53,090 shares of the company’s stock worth $3,947,000 after buying an additional 49,930 shares during the last quarter. Perigon Wealth Management raised its position in Exxon Mobil by 29.5% in the third quarter. Perigon Wealth Management now owns 53,709 shares of the company’s stock worth $3,993,000 after buying an additional 12,245 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft purchased a new position in Exxon Mobil during the third quarter worth $19,147,000.

Exxon Mobil Co. (NYSE:XOM) opened at 76.70 on Wednesday. Exxon Mobil Co. has a 1-year low of $66.55 and a 1-year high of $93.45. The stock has a market cap of $319.30 billion and a P/E ratio of 16.21. The company has a 50-day moving average of $76.81 and a 200 day moving average of $78.01.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, October 30th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.12. During the same period last year, the firm earned $1.89 EPS. The business had revenue of $67.34 million for the quarter, compared to analyst estimates of $63.75 billion. The company’s revenue for the quarter was down 37.1% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post $3.84 EPS for the current year.

XOM has been the subject of a number of recent analyst reports. Morningstar reiterated a “buy” rating on shares of Exxon Mobil in a research report on Friday, December 18th. Howard Weil upped their price target on shares of Exxon Mobil from $84.00 to $85.00 in a research report on Monday, December 14th. Morgan Stanley reiterated a “sell” rating and issued a $78.00 price target on shares of Exxon Mobil in a research report on Wednesday, October 14th. HSBC upped their price target on shares of Exxon Mobil from $77.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, October 15th. Finally, Credit Agricole initiated coverage on shares of Exxon Mobil in a research report on Tuesday, December 15th. They issued an “outperform” rating for the company. Eight equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $82.03.

In other Exxon Mobil news, VP Bradley W. Corson sold 12,000 shares of Exxon Mobil stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $87.03, for a total transaction of $1,044,360.00. Following the sale, the vice president now owns 194,118 shares of the company’s stock, valued at approximately $16,894,089.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Randy J. Cleveland sold 10,000 shares of Exxon Mobil stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $82.20, for a total transaction of $822,000.00. Following the sale, the insider now directly owns 134,448 shares in the company, valued at approximately $11,051,625.60. The disclosure for this sale can be found here.

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas. The Company is involved in the 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 a variety of specialty products. The Company’s projects include the Kearl project, Heidelberg project, the Point Thomson project, the Hadrian South project, the Lucius project, the Chirag Oil project, the Tapis Enhanced Oil Recovery project, the Damar project, and the Barzan project, among others. The Company is conducting its operations and projects in the United States, Asia, Africa, Canada/South America, Europe and Australia/Oceania.

12 Month Chart for NYSE:XOM

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