Catalyst Capital Advisors LLC Raises Stock Position in Exxon Mobil Corporation (NYSE:XOM)

Catalyst Capital Advisors LLC increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 128.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,792 shares of the oil and gas company's stock after purchasing an additional 3,252 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Exxon Mobil were worth $689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. 10Elms LLP bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the fourth quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil during the fourth quarter valued at about $32,000. Clarity Asset Management Inc. increased its position in Exxon Mobil by 29.7% in the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after buying an additional 100 shares in the last quarter. Finally, Banque de Luxembourg S.A. bought a new position in shares of Exxon Mobil in the fourth quarter worth about $51,000. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of several research analyst reports. Morgan Stanley lowered their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler lifted their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday. TD Cowen upped their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $125.55.

Exxon Mobil Stock Performance

Exxon Mobil stock traded up $3.08 during trading hours on Tuesday, reaching $114.19. 17,907,967 shares of the stock were exchanged, compared to its average volume of 15,778,776. The stock has a market cap of $492.12 billion, a P/E ratio of 15.14, a P/E/G ratio of 2.16 and a beta of 0.50. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The firm's 50 day moving average is $107.37 and its 200 day moving average is $108.58. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm's revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 earnings per share. Analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.47%. Exxon Mobil's dividend payout ratio is presently 52.52%.

About Exxon Mobil

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.