Exxon Mobil Corporation (NYSE:XOM) Stock Position Raised by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 14.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,548 shares of the oil and gas company's stock after purchasing an additional 12,003 shares during the period. Exxon Mobil comprises approximately 1.0% of Cornerstone Wealth Group LLC's holdings, making the stock its 25th biggest holding. Cornerstone Wealth Group LLC's holdings in Exxon Mobil were worth $11,482,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Gerber LLC purchased a new stake in Exxon Mobil in the first quarter valued at approximately $210,000. Vectors Research Management LLC boosted its holdings in shares of Exxon Mobil by 3.8% in the 1st quarter. Vectors Research Management LLC now owns 28,617 shares of the oil and gas company's stock valued at $3,403,000 after purchasing an additional 1,060 shares during the last quarter. Invesco LLC grew its stake in shares of Exxon Mobil by 7.4% during the 1st quarter. Invesco LLC now owns 17,368 shares of the oil and gas company's stock valued at $2,066,000 after buying an additional 1,201 shares during the period. Balboa Wealth Partners increased its holdings in shares of Exxon Mobil by 6.2% during the 1st quarter. Balboa Wealth Partners now owns 9,980 shares of the oil and gas company's stock worth $1,187,000 after buying an additional 584 shares during the last quarter. Finally, Retirement Guys Formula LLC raised its position in shares of Exxon Mobil by 25.8% in the 1st quarter. Retirement Guys Formula LLC now owns 10,105 shares of the oil and gas company's stock worth $1,202,000 after buying an additional 2,074 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on XOM. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. TD Cowen raised their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank dropped their price objective on shares of 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, Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus target price of $125.10.

Exxon Mobil Stock Up 1.6%

XOM traded up $1.78 during trading on Thursday, hitting $110.15. The company had a trading volume of 18,288,891 shares, compared to its average volume of 15,737,650. The company has a market cap of $474.71 billion, a PE ratio of 14.61, a P/E/G ratio of 2.17 and a beta of 0.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The business has a 50-day moving average of $106.92 and a 200-day moving average of $108.54.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company posted $2.06 earnings per share. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.60%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 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.