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

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

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Corton Capital Inc. bought a new position in shares of Exxon Mobil in the fourth quarter valued at $228,000. Crestline Management LP raised its position in shares of Exxon Mobil by 1,429.9% during the fourth quarter. Crestline Management LP now owns 52,015 shares of the oil and gas company's stock worth $5,595,000 after purchasing an additional 48,615 shares during the period. Cetera Investment Advisers boosted its position in shares of Exxon Mobil by 3.7% in the 4th quarter. Cetera Investment Advisers now owns 1,315,384 shares of the oil and gas company's stock valued at $141,496,000 after purchasing an additional 46,469 shares during the period. Bridgeway Capital Management LLC increased its stake in Exxon Mobil by 5.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 173,579 shares of the oil and gas company's stock worth $18,672,000 after purchasing an additional 8,760 shares in the last quarter. Finally, Blue Capital Inc. purchased a new stake in Exxon Mobil during the fourth quarter valued at about $210,000. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on XOM shares. Bernstein Bank upped their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Barclays reduced their target price on Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Royal Bank of Canada lowered their price target on Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating on the stock in a report on Monday, May 5th. Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, Wells Fargo & Company dropped their target price on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $125.85.

Exxon Mobil Price Performance

Shares of XOM stock traded up $1.31 during trading hours on Friday, hitting $107.38. The company had a trading volume of 10,988,611 shares, compared to its average volume of 15,586,857. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm's fifty day moving average is $108.97 and its 200 day moving average is $111.15. The firm has a market capitalization of $464.45 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 3.02 and a beta of 0.51.

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

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.69%. Exxon Mobil's payout ratio is 52.52%.

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.