Cornerstone Advisors Inc. reduced its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,281 shares of the oil and gas company’s stock after selling 116 shares during the period. Cornerstone Advisors Inc.’s holdings in Exxon Mobil Corporation were worth $515,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Cordasco Financial Network raised its position in Exxon Mobil Corporation by 0.6% in the first quarter. Cordasco Financial Network now owns 2,332 shares of the oil and gas company’s stock worth $191,000 after buying an additional 15 shares in the last quarter. LifePlan Financial Group Inc raised its position in Exxon Mobil Corporation by 0.5% in the first quarter. LifePlan Financial Group Inc now owns 4,514 shares of the oil and gas company’s stock worth $370,000 after buying an additional 24 shares in the last quarter. Sunbelt Securities Inc. raised its position in Exxon Mobil Corporation by 0.3% in the fourth quarter. Sunbelt Securities Inc. now owns 11,713 shares of the oil and gas company’s stock worth $1,057,000 after buying an additional 38 shares in the last quarter. Nadler Financial Group Inc. raised its position in Exxon Mobil Corporation by 0.3% in the first quarter. Nadler Financial Group Inc. now owns 15,864 shares of the oil and gas company’s stock worth $1,301,000 after buying an additional 40 shares in the last quarter. Finally, Alpha Windward LLC raised its position in Exxon Mobil Corporation by 0.8% in the first quarter. Alpha Windward LLC now owns 5,298 shares of the oil and gas company’s stock worth $434,000 after buying an additional 43 shares in the last quarter. 50.77% of the stock is owned by institutional investors and hedge funds.
Shares of Exxon Mobil Corporation (NYSE XOM) traded up 0.50% on Friday, hitting $76.64. 14,324,342 shares of the stock traded hands. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22. The stock has a market cap of $324.73 billion, a price-to-earnings ratio of 27.63 and a beta of 0.81. The stock has a 50-day moving average price of $79.94 and a 200 day moving average price of $81.47.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by $0.05. The company had revenue of $62.88 billion during the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. On average, analysts anticipate that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 4.02%. Exxon Mobil Corporation’s payout ratio is 111.19%.
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A number of research firms have recently weighed in on XOM. Argus reissued a “focus list” rating and issued a $104.00 price objective (up previously from $91.00) on shares of Exxon Mobil Corporation in a research report on Thursday, May 18th. UBS AG set a $77.00 price objective on shares of Exxon Mobil Corporation and gave the company a “sell” rating in a research report on Tuesday, April 25th. Scotiabank set a $86.00 price objective on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Saturday, June 17th. Hilliard Lyons started coverage on shares of Exxon Mobil Corporation in a research report on Wednesday, June 7th. They issued a “term buy” rating and a $90.00 price objective for the company. Finally, Wolfe Research lowered shares of Exxon Mobil Corporation from a “market perform” rating to an “underperform” rating in a research report on Monday, July 17th. Eight investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $84.94.
In other news, Director Steven Reinemund sold 1,100 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the sale, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.08% of the company’s stock.
Exxon Mobil Corporation Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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