Catalyst Financial Partners LLC Has $3.28 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Catalyst Financial Partners LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 2.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,947 shares of the oil and gas company’s stock after acquiring an additional 726 shares during the quarter. Exxon Mobil makes up about 0.6% of Catalyst Financial Partners LLC’s investment portfolio, making the stock its 25th largest holding. Catalyst Financial Partners LLC’s holdings in Exxon Mobil were worth $3,276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Voisard Asset Management Group Inc. grew its holdings in Exxon Mobil by 3.3% during the third quarter. Voisard Asset Management Group Inc. now owns 4,634 shares of the oil and gas company’s stock worth $543,000 after purchasing an additional 147 shares during the period. S.A. Mason LLC lifted its position in shares of Exxon Mobil by 4.3% in the third quarter. S.A. Mason LLC now owns 7,033 shares of the oil and gas company’s stock valued at $824,000 after buying an additional 291 shares during the last quarter. Cornerstone Wealth Group LLC lifted its position in shares of Exxon Mobil by 1.0% in the third quarter. Cornerstone Wealth Group LLC now owns 82,500 shares of the oil and gas company’s stock valued at $9,671,000 after buying an additional 791 shares during the last quarter. Fiducient Advisors LLC boosted its stake in shares of Exxon Mobil by 224.2% during the 3rd quarter. Fiducient Advisors LLC now owns 21,407 shares of the oil and gas company’s stock worth $2,509,000 after acquiring an additional 14,803 shares during the period. Finally, JFS Wealth Advisors LLC increased its holdings in shares of Exxon Mobil by 25.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 36,111 shares of the oil and gas company’s stock worth $4,233,000 after acquiring an additional 7,245 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on XOM. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 8th. UBS Group reduced their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. The Goldman Sachs Group increased their price target on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday. Truist Financial reduced 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, Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $130.37.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $114.98 on Friday. 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 current ratio of 1.36 and a quick ratio of 1.01. The company has a market cap of $453.35 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 4.83 and a beta of 0.89. The firm has a 50 day simple moving average of $117.67 and a 200 day simple moving average of $116.36.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business earned $1.94 EPS. Research analysts predict that Exxon Mobil Co. will post 8.05 earnings per share for the current fiscal year.

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.