Catalytic Wealth RIA LLC Lowers Position in Exxon Mobil Co. (NYSE:XOM)

Catalytic Wealth RIA LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM) by 17.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,673 shares of the oil and gas company’s stock after selling 773 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in Exxon Mobil were worth $431,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of XOM. Massachusetts Financial Services Co. MA raised its stake in Exxon Mobil by 532.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock valued at $1,935,779,000 after purchasing an additional 14,158,054 shares in the last quarter. Primecap Management Co. CA purchased a new stake in Exxon Mobil during the second quarter valued at $980,210,000. International Assets Investment Management LLC raised its stake in Exxon Mobil by 7,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after purchasing an additional 6,805,982 shares in the last quarter. Capital International Investors raised its stake in Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock valued at $3,197,989,000 after purchasing an additional 5,523,429 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Exxon Mobil by 16.9% during the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after acquiring an additional 5,330,887 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of a number of analyst reports. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Bank of America initiated coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective on the stock. UBS Group cut their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. JPMorgan Chase & Co. upped their price target on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Finally, Mizuho upped their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Stock Performance

XOM stock opened at $120.35 on Wednesday. The firm has a market cap of $528.95 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 5.08 and a beta of 0.90. The firm has a 50-day simple moving average of $117.96 and a two-hundred day simple moving average of $116.32. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.27 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.29%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 47.32%.

Exxon Mobil Profile

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.