Catalyst Capital Advisors LLC Invests $352,000 in Exxon Mobil Co. (NYSE:XOM)

Catalyst Capital Advisors LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 3,000 shares of the oil and gas company’s stock, valued at approximately $352,000.

Other hedge funds have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. grew its stake in Exxon Mobil by 5.1% in the third quarter. Hazlett Burt & Watson Inc. now owns 34,140 shares of the oil and gas company’s stock valued at $4,009,000 after acquiring an additional 1,651 shares during the period. Quintet Private Bank Europe S.A. grew its position in shares of Exxon Mobil by 14.7% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 48,971 shares of the oil and gas company’s stock valued at $5,740,000 after purchasing an additional 6,259 shares during the period. QRG Capital Management Inc. grew its position in shares of Exxon Mobil by 3.5% in the 3rd quarter. QRG Capital Management Inc. now owns 700,806 shares of the oil and gas company’s stock valued at $82,148,000 after purchasing an additional 23,754 shares during the period. Asset Management One Co. Ltd. increased its stake in Exxon Mobil by 0.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,717,142 shares of the oil and gas company’s stock worth $201,283,000 after purchasing an additional 14,890 shares in the last quarter. Finally, National Pension Service raised its holdings in Exxon Mobil by 14.5% during the 3rd quarter. National Pension Service now owns 8,523,462 shares of the oil and gas company’s stock worth $999,120,000 after buying an additional 1,081,167 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on XOM. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Morgan Stanley cut their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Truist Financial decreased their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Finally, BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Stock Up 0.3 %

Exxon Mobil stock opened at $118.96 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company’s 50-day moving average is $117.69 and its 200-day moving average is $116.33. The firm has a market capitalization of $469.06 billion, a PE ratio of 14.81, a P/E/G ratio of 4.79 and a beta of 0.90. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the business earned $2.27 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.99 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.33%. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

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.