Cornerstone Select Advisors LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)

Cornerstone Select Advisors LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,930 shares of the oil and gas company's stock, valued at approximately $638,000.

Other institutional investors also recently modified their holdings of the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the fourth quarter worth $31,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil during the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil in the fourth quarter valued at about $46,000. Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XOM. Barclays reduced their price target on Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating for the company in a research report on Monday. The Goldman Sachs Group decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. UBS Group cut their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Scotiabank reduced their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, BMO Capital Markets cut their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and an average price target of $125.85.

Exxon Mobil Trading Up 1.6 %

XOM opened at $104.97 on Wednesday. The company's 50 day moving average is $109.14 and its 200-day moving average is $111.44. The company has a market cap of $454.01 billion, a P/E ratio of 13.39, a PEG ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the prior year, the business earned $2.06 earnings per share. The company's revenue for the quarter was up .1% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.77%. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

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.

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