Cornerstone Wealth Group LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM) - Defense World

Cornerstone Wealth Group LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 8.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 52,248 shares of the oil and gas company’s stock after purchasing an additional 4,117 shares during the period. Cornerstone Wealth Group LLC’s holdings in Exxon Mobil were worth $4,315,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Guardian Wealth Management Inc. bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $30,000. Horan Securities Inc. bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $31,000. West Bancorporation Inc. bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $32,000. Nvwm LLC raised its stake in shares of Exxon Mobil by 100.0% during the 4th quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 300 shares in the last quarter. Finally, Core Wealth Advisors Inc. raised its stake in shares of Exxon Mobil by 454.5% during the 4th quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.

Shares of NYSE XOM opened at $86.08 on Monday. The company’s fifty day moving average price is $91.69 and its 200 day moving average price is $83.06. Exxon Mobil Co. has a 1 year low of $52.10 and a 1 year high of $105.57. The company has a market capitalization of $362.62 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 0.31 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. The firm had revenue of $90.50 billion for the quarter, compared to analysts’ expectations of $83.57 billion. During the same period last year, the company posted $0.65 earnings per share. The business’s quarterly revenue was up 53.0% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Co. will post 11.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Thursday, May 12th. Exxon Mobil’s payout ratio is 58.37%.

A number of brokerages have issued reports on XOM. Morgan Stanley upped their price target on shares of Exxon Mobil from $103.00 to $107.00 and gave the company an “overweight” rating in a research note on Monday, June 6th. Cowen upped their price target on shares of Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and upped their price target for the company from $88.00 to $120.00 in a research note on Tuesday, June 7th. They noted that the move was a valuation call. The Goldman Sachs Group upped their price target on shares of Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Finally, Cowen upped their price target on shares of Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $90.48.

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the transaction, the vice president now directly owns 32,510 shares of the company’s stock, valued at $3,142,091.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the transaction, the vice president now directly owns 30,363 shares in the company, valued at $3,121,620.03. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.

About Exxon Mobil (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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https://www.defenseworld.net/2022/07/11/cornerstone-wealth-group-llc-increases-stock-position-in-exxon-mobil-co-nysexom.html

2022-07-11 12:16:27Z
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