Cornerstone Advisory LLC Has $3.49 Million Stake in ExxonMobil Corporation $XOM

Key Points

• Cornerstone Advisory LLC trimmed its ExxonMobil stake by 25.5% in the first quarter, selling 7,035 shares and ending with 20,552 shares worth about $3.49 million.
• ExxonMobil’s latest quarterly results beat expectations, with EPS of $1.16 versus $0.98 expected and revenue of $83.16 billion, while revenue rose 2.4% year over year.
• Analyst sentiment remains generally positive: the stock carries a Moderate Buy consensus with an average price target of $164.45, and Exxon also continues paying a quarterly dividend of $1.03 per share (2.8% yield).

Cornerstone Advisory LLC reduced its position in ExxonMobil Corporation (NYSE:XOM - Free Report) by 25.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,552 shares of the oil and gas company's stock after selling 7,035 shares during the quarter. Cornerstone Advisory LLC's holdings in ExxonMobil were worth $3,487,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Capital Investment Advisors LLC boosted its holdings in ExxonMobil by 6.6% during the fourth quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company's stock valued at $27,857,000 after purchasing an additional 14,233 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of ExxonMobil by 2.3% in the 4th quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company's stock worth $126,166,000 after buying an additional 23,668 shares in the last quarter. Clear Trail Advisors LLC acquired a new position in shares of ExxonMobil in the 4th quarter worth approximately $28,728,000. Midwest Trust Co lifted its position in shares of ExxonMobil by 3.9% during the 1st quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company's stock worth $120,623,000 after buying an additional 26,411 shares during the period. Finally, King Luther Capital Management Corp lifted its position in shares of ExxonMobil by 2.4% during the 4th quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company's stock worth $200,366,000 after buying an additional 38,492 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s expanding LNG portfolio, including the Golden Pass project and other developments, could lift export capacity and future cash flows, strengthening the company’s long-term growth outlook. Will ExxonMobil's Expanding LNG Portfolio Drive Long-Term Growth?
• Positive Sentiment: Analysts remain upbeat on ExxonMobil, with one report citing an average price target of $164.45, suggesting Wall Street still sees upside from current levels. Analysts Set ExxonMobil Corporation NYSE: XOM Target Price at $164.45
• Positive Sentiment: Erste Group raised its FY2027 EPS estimate for ExxonMobil to $10.80 from $10.49, reinforcing expectations that earnings will stay strong over the next few years.

ExxonMobil Trading Up 1.1%

XOM stock opened at $147.56 on Friday. The business has a fifty day moving average price of $145.78 and a 200 day moving average price of $146.31. ExxonMobil Corporation has a fifty-two week low of $105.53 and a fifty-two week high of $176.41. The stock has a market capitalization of $611.62 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 0.61 and a beta of 0.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.18. The company had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business's revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.76 earnings per share. Analysts expect that ExxonMobil Corporation will post 11.38 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil's payout ratio is currently 69.48%.

Analysts Set New Price Targets

A number of analysts have weighed in on XOM shares. Citigroup reiterated a "neutral" rating on shares of ExxonMobil in a research report on Wednesday, July 8th. UBS Group lifted their price objective on ExxonMobil from $171.00 to $174.00 and gave the company a "buy" rating in a report on Monday, May 4th. DZ Bank upgraded shares of ExxonMobil to a "strong-buy" rating in a research note on Monday, July 6th. Piper Sandler lowered their target price on shares of ExxonMobil from $186.00 to $182.00 and set an "overweight" rating on the stock in a report on Thursday, April 9th. Finally, Zacks Research cut shares of ExxonMobil from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, ExxonMobil presently has a consensus rating of "Moderate Buy" and an average price target of $164.45.

About ExxonMobil

ExxonMobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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