W.H. Cornerstone Investments Inc. Has $1.46 Million Stock Holdings in Exxon Mobil Corporation $XOM

W.H. Cornerstone Investments Inc. increased its position in Exxon Mobil Corporation (NYSE:XOM) by 23.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,585 shares of the oil and gas company’s stock after buying an additional 2,606 shares during the quarter. Exxon Mobil accounts for approximately 0.9% of W.H. Cornerstone Investments Inc.’s investment portfolio, making the stock its 24th largest position. W.H. Cornerstone Investments Inc.’s holdings in Exxon Mobil were worth $1,464,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Journey Strategic Wealth LLC grew its position in Exxon Mobil by 6.7% during the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock worth $2,608,000 after acquiring an additional 1,379 shares during the last quarter. Linscomb Wealth Inc. lifted its position in Exxon Mobil by 1.4% in the 2nd quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock valued at $42,017,000 after acquiring an additional 5,527 shares in the last quarter. Jones Financial Companies Lllp raised its position in Exxon Mobil by 52.3% in the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after buying an additional 131,600 shares during the last quarter. OneAscent Wealth Management LLC boosted its stake in shares of Exxon Mobil by 116.7% in the 2nd quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock worth $825,000 after buying an additional 4,123 shares during the last quarter. Finally, Hartford Funds Management Co LLC boosted its stake in Exxon Mobil by 51.8% in the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock worth $912,000 after purchasing an additional 2,617 shares during the period. 61.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on XOM shares. Morgan Stanley increased their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Melius initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. Barclays decreased their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Finally, Mizuho reduced their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.67.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company’s 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 represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Up 0.4%

XOM traded up $0.49 on Thursday, hitting $118.61. 1,369,742 shares of the company were exchanged, compared to its average volume of 16,084,414. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. The firm has a 50-day moving average price of $113.75 and a two-hundred day moving average price of $110.50. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a market cap of $500.19 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49.

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

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. Exxon Mobil’s payout ratio is presently 59.88%.

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.