Cornerstone Wealth Group LLC Has $9.41 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Cornerstone Wealth Group LLC raised its position in Exxon Mobil Co. (NYSE:XOM) by 1.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 81,709 shares of the oil and gas company’s stock after purchasing an additional 831 shares during the period. Exxon Mobil accounts for approximately 0.8% of Cornerstone Wealth Group LLC’s portfolio, making the stock its 28th largest position. Cornerstone Wealth Group LLC’s holdings in Exxon Mobil were worth $9,406,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Intact Investment Management Inc. lifted its holdings in Exxon Mobil by 225.7% during the fourth quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after purchasing an additional 47,400 shares during the last quarter. AJOVista LLC purchased a new stake in Exxon Mobil during the fourth quarter valued at about $312,000. Kinsale Capital Group Inc. lifted its holdings in Exxon Mobil by 33.0% during the fourth quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock valued at $3,896,000 after purchasing an additional 9,657 shares during the last quarter. Buckingham Capital Management Inc. lifted its holdings in Exxon Mobil by 24.4% during the fourth quarter. Buckingham Capital Management Inc. now owns 10,395 shares of the oil and gas company’s stock valued at $1,039,000 after purchasing an additional 2,040 shares during the last quarter. Finally, Unique Wealth Strategies LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $1,839,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on XOM. Sanford C. Bernstein lowered their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. TD Cowen increased their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Truist Financial lowered their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Wolfe Research began coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. Finally, UBS Group raised their target price on shares of Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $134.56.

Exxon Mobil Trading Up 1.4 %

Shares of Exxon Mobil stock traded up $1.59 on Friday, hitting $116.32. The stock had a trading volume of 10,368,926 shares, compared to its average volume of 17,064,910. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The stock has a market cap of $458.65 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 4.51 and a beta of 0.91. The stock’s 50-day simple moving average is $115.00 and its two-hundred day simple moving average is $113.68.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period last year, the business earned $1.94 EPS. Exxon Mobil’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

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.