Exxon Mobil Corporation $XOM Shares Bought by Cornerstone Advisory LLC

Cornerstone Advisory LLC increased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 38.2% in the second quarter, HoldingsChannel.com reports. The firm owned 27,083 shares of the oil and gas company’s stock after buying an additional 7,488 shares during the quarter. Cornerstone Advisory LLC’s holdings in Exxon Mobil were worth $2,919,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Schaper Benz & Wise Investment Counsel Inc. WI raised its holdings in Exxon Mobil by 0.4% in the 2nd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 24,999 shares of the oil and gas company’s stock worth $2,695,000 after purchasing an additional 95 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of Exxon Mobil by 13.7% during the second quarter. Bleakley Financial Group LLC now owns 141,077 shares of the oil and gas company’s stock valued at $15,208,000 after acquiring an additional 16,993 shares during the last quarter. Rothschild Capital Partners LLC raised its holdings in shares of Exxon Mobil by 29.1% during the second quarter. Rothschild Capital Partners LLC now owns 4,305 shares of the oil and gas company’s stock valued at $464,000 after acquiring an additional 970 shares during the last quarter. Cambridge Capital Management LLC acquired a new position in shares of Exxon Mobil during the second quarter valued at approximately $208,000. Finally, Principle Wealth Partners LLC raised its holdings in shares of Exxon Mobil by 12.7% during the second quarter. Principle Wealth Partners LLC now owns 80,825 shares of the oil and gas company’s stock valued at $8,713,000 after acquiring an additional 9,097 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on XOM shares. Morgan Stanley increased their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. UBS Group increased their target price on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday, October 13th. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Melius Research initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $127.58.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $115.39 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The business has a 50 day simple moving average of $112.58 and a 200-day simple moving average of $109.48. The firm has a market capitalization of $491.94 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

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.