Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC increased its stake in Exxon Mobil Co. (NYSE:XOM) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,545 shares of the oil and gas company’s stock after purchasing an additional 2,045 shares during the period. Cornerstone Wealth Group LLC’s holdings in Exxon Mobil were worth $9,095,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of XOM. Quarry LP purchased a new stake in Exxon Mobil during the 2nd quarter valued at about $133,000. Granite Bay Wealth Management LLC boosted its position in Exxon Mobil by 45.1% in the second quarter. Granite Bay Wealth Management LLC now owns 3,958 shares of the oil and gas company’s stock valued at $456,000 after buying an additional 1,231 shares during the last quarter. Souders Financial Advisors raised its position in Exxon Mobil by 5.6% during the 2nd quarter. Souders Financial Advisors now owns 4,305 shares of the oil and gas company’s stock worth $496,000 after buying an additional 230 shares during the last quarter. Gibson Wealth Advisors LLC raised its position in Exxon Mobil by 5.4% during the 2nd quarter. Gibson Wealth Advisors LLC now owns 21,315 shares of the oil and gas company’s stock worth $2,454,000 after buying an additional 1,094 shares during the last quarter. Finally, RiverFront Investment Group LLC boosted its holdings in shares of Exxon Mobil by 18.2% in the 2nd quarter. RiverFront Investment Group LLC now owns 111,860 shares of the oil and gas company’s stock valued at $12,877,000 after acquiring an additional 17,188 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $108.69 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The business has a 50 day simple moving average of $111.14 and a two-hundred day simple moving average of $115.38. The stock has a market capitalization of $477.69 billion, a P/E ratio of 13.54, a PEG ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the firm posted $2.27 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. As a group, analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.64%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Analyst Ratings Changes

A number of research analysts recently issued reports on XOM shares. Wolfe Research boosted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Bank of America started coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. Mizuho reduced their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, October 9th. Finally, UBS Group decreased their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Company 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.