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

Cornerstone Wealth Group LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 84,545 shares of the oil and gas company’s stock after acquiring an additional 2,045 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Exxon Mobil were worth $9,095,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Union Bancaire Privee UBP SA acquired a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $48,348,000. Apexium Financial LP increased its stake in Exxon Mobil by 19.1% during the fourth quarter. Apexium Financial LP now owns 11,482 shares of the oil and gas company’s stock worth $1,235,000 after acquiring an additional 1,842 shares during the last quarter. Capital Asset Advisory Services LLC raised its position in Exxon Mobil by 3.7% in the fourth quarter. Capital Asset Advisory Services LLC now owns 61,159 shares of the oil and gas company’s stock valued at $6,597,000 after purchasing an additional 2,175 shares during the period. Blue Trust Inc. lifted its stake in shares of Exxon Mobil by 17.5% in the 4th quarter. Blue Trust Inc. now owns 143,807 shares of the oil and gas company’s stock valued at $16,857,000 after purchasing an additional 21,391 shares during the last quarter. Finally, Strategic Investment Advisors MI grew its holdings in shares of Exxon Mobil by 11.3% during the 4th quarter. Strategic Investment Advisors MI now owns 19,361 shares of the oil and gas company’s stock worth $2,083,000 after purchasing an additional 1,971 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $108.69 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $111.14 and a 200-day simple moving average of $115.38. The stock has a market cap of $477.69 billion, a P/E ratio of 13.54, a price-to-earnings-growth 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 released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the firm posted $2.27 EPS. The business’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wolfe Research upped their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. BMO Capital Markets upped their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Morgan Stanley dropped their target price on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research note on Wednesday, October 9th. Finally, UBS Group dropped their price objective on 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 equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $128.84.

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.