Exxon Mobil Co. (NYSE:XOM) Shares Bought by Cornerstone Wealth Management LLC - Defense World

Cornerstone Wealth Management LLC raised its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 61,271 shares of the oil and gas company’s stock after buying an additional 802 shares during the period. Cornerstone Wealth Management LLC’s holdings in Exxon Mobil were worth $7,122,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC boosted its holdings in shares of Exxon Mobil by 10.7% during the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 199 shares during the last quarter. RNC Capital Management LLC boosted its holdings in shares of Exxon Mobil by 5.5% during the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after purchasing an additional 4,585 shares during the last quarter. Dupree Financial Group LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth approximately $378,000. Intact Investment Management Inc. boosted its holdings in shares of Exxon Mobil by 225.7% during the 4th quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock worth $6,839,000 after purchasing an additional 47,400 shares during the last quarter. Finally, AJOVista LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth approximately $312,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 1.2 %

Exxon Mobil stock opened at $113.33 on Friday. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The stock’s fifty day simple moving average is $114.65 and its 200-day simple moving average is $110.06. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $446.86 billion, a P/E ratio of 13.89, a P/E/G ratio of 4.15 and a beta of 0.91.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the prior year, the company posted $2.83 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Co. will post 9.23 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent research reports. Morgan Stanley restated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. TD Cowen lifted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Barclays started coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Scotiabank lifted their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, UBS Group lifted their price target on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $133.82.

Read Our Latest Analysis on XOM

Exxon Mobil Company Profile

(Free Report)

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.