Cacti Asset Management LLC Sells 5,065 Shares of Exxon Mobil Corporation $XOM

Cacti Asset Management LLC trimmed its position in Exxon Mobil Corporation (NYSE:XOM) by 31.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,000 shares of the oil and gas company’s stock after selling 5,065 shares during the quarter. Cacti Asset Management LLC’s holdings in Exxon Mobil were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Exxon Mobil by 0.3% during the second quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock worth $46,468,147,000 after buying an additional 1,111,231 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Exxon Mobil by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock valued at $10,345,132,000 after acquiring an additional 342,967 shares in the last quarter. Norges Bank acquired a new stake in Exxon Mobil during the second quarter valued at approximately $6,163,719,000. Bank of New York Mellon Corp grew its position in Exxon Mobil by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock valued at $5,023,298,000 after acquiring an additional 1,274,860 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Exxon Mobil by 3.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock worth $3,611,553,000 after purchasing an additional 1,126,912 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $118.75, for a total transaction of $356,250.00. Following the transaction, the vice president owned 31,584 shares in the company, valued at $3,750,600. This trade represents a 8.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Trading Down 0.9%

Shares of NYSE:XOM opened at $117.75 on Tuesday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $120.81. The company has a market capitalization of $496.55 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 7.48 and a beta of 0.38. The company has a 50-day simple moving average of $115.67 and a 200 day simple moving average of $112.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The business had revenue of $57.55 billion for the quarter. Sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were given a $1.03 dividend. The ex-dividend date of this dividend was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on XOM. UBS Group restated a “buy” rating on shares of Exxon Mobil in a research report on Tuesday, December 9th. Barclays dropped their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Melius initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Jefferies Financial Group lifted their price target on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Finally, BNP Paribas upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.45.

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.