Cornerstone Wealth Management LLC Purchases 2,518 Shares of Exxon Mobil Corporation (NYSE:XOM)

Cornerstone Wealth Management LLC boosted its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 77,506 shares of the oil and gas company's stock after purchasing an additional 2,518 shares during the period. Cornerstone Wealth Management LLC's holdings in Exxon Mobil were worth $9,218,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mezzasalma Advisors LLC raised its position in shares of Exxon Mobil by 5.1% in the first quarter. Mezzasalma Advisors LLC now owns 29,119 shares of the oil and gas company's stock valued at $3,463,000 after purchasing an additional 1,422 shares during the period. Shepherd Financial Partners LLC grew its position in shares of Exxon Mobil by 4.9% in the first quarter. Shepherd Financial Partners LLC now owns 6,728 shares of the oil and gas company's stock valued at $800,000 after purchasing an additional 312 shares during the last quarter. Clarius Group LLC increased its stake in shares of Exxon Mobil by 9.3% during the first quarter. Clarius Group LLC now owns 27,101 shares of the oil and gas company's stock worth $3,223,000 after purchasing an additional 2,303 shares during the period. GSB Wealth Management LLC increased its stake in shares of Exxon Mobil by 0.7% during the first quarter. GSB Wealth Management LLC now owns 22,319 shares of the oil and gas company's stock worth $2,654,000 after purchasing an additional 154 shares during the period. Finally, Optivise Advisory Services LLC lifted its holdings in Exxon Mobil by 10.7% during the 1st quarter. Optivise Advisory Services LLC now owns 4,646 shares of the oil and gas company's stock worth $553,000 after purchasing an additional 449 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on XOM shares. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank decreased their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Finally, UBS Group dropped their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $113.20 on Thursday. The stock has a market capitalization of $487.84 billion, a PE ratio of 15.01, a PEG ratio of 2.28 and a beta of 0.49. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The business's 50 day simple moving average is $106.05 and its 200 day simple moving average is $108.69.

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 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business's revenue was up .1% compared to the same quarter last year. During the same period last year, the business posted $2.06 EPS. As a group, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

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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