Catalina Capital Group LLC Sells 16,924 Shares of Exxon Mobil Corporation (NYSE:XOM)

Catalina Capital Group LLC cut its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 79.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,300 shares of the oil and gas company's stock after selling 16,924 shares during the quarter. Catalina Capital Group LLC's holdings in Exxon Mobil were worth $511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of Exxon Mobil by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company's stock worth $10,023,875,000 after purchasing an additional 1,104,617 shares during the period. Norges Bank bought a new position in Exxon Mobil in the fourth quarter worth about $6,936,737,000. Northern Trust Corp lifted its holdings in Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after buying an additional 2,998,892 shares during the period. Bank of New York Mellon Corp boosted its position in Exxon Mobil by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock valued at $4,731,263,000 after acquiring an additional 5,538,694 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 1.4%

Shares of XOM traded up $1.62 on Friday, hitting $114.81. 36,250,478 shares of the stock traded hands, compared to its average volume of 15,796,377. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a market capitalization of $494.77 billion, a PE ratio of 15.23, a P/E/G ratio of 2.26 and a beta of 0.49. The business has a 50 day simple moving average of $106.32 and a 200 day simple moving average of $108.66. 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 posted its earnings results 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. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the company earned $2.06 EPS. The company's quarterly revenue was up .1% compared to the same quarter last year. As a group, equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.45%. Exxon Mobil's payout ratio is 52.52%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on XOM shares. Morgan Stanley lowered their target price on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Mizuho lowered their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Scotiabank reduced their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Piper Sandler cut shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $125.50.

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.