Catalyst Funds Management Pty Ltd Decreases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Catalyst Funds Management Pty Ltd decreased its position in Exxon Mobil Co. (NYSE:XOM) by 80.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,000 shares of the oil and gas company’s stock after selling 29,300 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Exxon Mobil were worth $753,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of XOM. Principal Financial Group Inc. increased its position in shares of Exxon Mobil by 8.4% in the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after acquiring an additional 521,932 shares during the period. United Bank boosted its stake in shares of Exxon Mobil by 3.7% during the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after purchasing an additional 641 shares in the last quarter. Plato Investment Management Ltd boosted its stake in shares of Exxon Mobil by 1.8% during the 3rd quarter. Plato Investment Management Ltd now owns 75,424 shares of the oil and gas company’s stock valued at $8,832,000 after purchasing an additional 1,368 shares in the last quarter. Huntington National Bank boosted its stake in shares of Exxon Mobil by 1.5% during the 3rd quarter. Huntington National Bank now owns 1,765,300 shares of the oil and gas company’s stock valued at $206,929,000 after purchasing an additional 26,467 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Exxon Mobil by 43.2% during the 3rd quarter. KBC Group NV now owns 630,247 shares of the oil and gas company’s stock valued at $73,877,000 after purchasing an additional 190,005 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Scotiabank cut their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. UBS Group cut their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Wells Fargo & Company cut their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, Mizuho dropped their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Trading Up 3.0 %

Shares of NYSE XOM opened at $111.98 on Friday. The firm’s 50 day moving average price is $109.34 and its 200-day moving average price is $113.68. The company has a market cap of $485.90 billion, a PE ratio of 14.28, a P/E/G ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

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 the consensus estimate 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 quarter in the previous year, the firm earned $2.48 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

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.