Exxon Mobil Corporation $XOM Shares Purchased by Cornerstone Advisory LLC

Key Points

• Cornerstone Advisory LLC increased its stake in Exxon Mobil by 38.2%, holding a total of 27,083 shares worth approximately $2.92 million after purchasing an additional 7,488 shares in Q2.
• Institutional investors collectively own 61.80% of Exxon Mobil's stock, with notable increases from Bank of New York Mellon Corp, Charles Schwab Investment Management, and Ameriprise Financial.
• Exxon Mobil announced a quarterly dividend of $0.99, representing a 3.4% dividend yield, which was paid out to shareholders on September 10th.

Cornerstone Advisory LLC lifted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 38.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,083 shares of the oil and gas company's stock after purchasing an additional 7,488 shares during the quarter. Cornerstone Advisory LLC's holdings in Exxon Mobil were worth $2,919,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in shares of Exxon Mobil by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock worth $5,390,318,000 after purchasing an additional 1,340,343 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Exxon Mobil by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock worth $3,850,167,000 after purchasing an additional 512,860 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Exxon Mobil by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after purchasing an additional 2,639,797 shares in the last quarter. Amundi lifted its position in Exxon Mobil by 9.7% during the 1st quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock worth $2,966,598,000 after acquiring an additional 2,329,964 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Exxon Mobil by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company's stock worth $3,028,968,000 after acquiring an additional 909,386 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Bank of America lifted their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Morgan Stanley lifted their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Exxon Mobil in a research report on Friday. Finally, Piper Sandler set a $141.00 price target on Exxon Mobil in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.58.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $115.39 on Friday. The stock has a market cap of $491.94 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. The business has a 50-day simple moving average of $112.58 and a 200-day simple moving average of $109.48. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's payout ratio is 56.25%.

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.

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