Cornerstone Advisory LLC Buys 1,374 Shares of Exxon Mobil Co. (NYSE:XOM)

Cornerstone Advisory LLC increased its holdings in Exxon Mobil Co. (NYSE:XOMFree Report) by 6.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,794 shares of the oil and gas company’s stock after acquiring an additional 1,374 shares during the quarter. Cornerstone Advisory LLC’s holdings in Exxon Mobil were worth $2,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. FMR LLC boosted its holdings in shares of Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after acquiring an additional 4,162,149 shares during the last quarter. Norges Bank bought a new stake in Exxon Mobil during the 4th quarter worth approximately $5,519,753,000. Morgan Stanley raised its stake in Exxon Mobil by 2.0% during the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock worth $6,329,099,000 after acquiring an additional 1,066,937 shares during the period. Northern Trust Corp raised its stake in Exxon Mobil by 1.3% during the 3rd quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock worth $5,137,865,000 after acquiring an additional 576,078 shares during the period. Finally, Fisher Asset Management LLC raised its stake in Exxon Mobil by 566.2% during the 4th quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock worth $1,319,507,000 after acquiring an additional 11,216,602 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Morgan Stanley restated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Mizuho lifted their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. HSBC lifted their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Finally, UBS Group lifted their price objective on shares of Exxon Mobil from $150.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.00.

Read Our Latest Analysis on XOM

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.03% of the stock is owned by insiders.

Exxon Mobil Trading Down 1.6 %

Shares of XOM traded down $1.79 during trading hours on Tuesday, reaching $112.66. 19,408,498 shares of the company traded hands, compared to its average volume of 18,399,742. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The stock’s fifty day moving average price is $117.83 and its 200 day moving average price is $108.38. The firm has a market cap of $444.22 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 4.08 and a beta of 0.92. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS 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 firm had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter in the prior year, the firm posted $2.83 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Co. will post 9.57 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.37%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

About Exxon Mobil

(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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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