ExxonMobil Corporation $XOM Shares Bought by Cornerstone Wealth Management LLC

Key Points

• Cornerstone Wealth Management increased its ExxonMobil stake by 10.1% in the fourth quarter, buying 8,484 more shares and bringing its holdings to 92,575 shares worth about $11.1 million.
• ExxonMobil posted a strong quarterly earnings beat, reporting $1.16 EPS versus estimates of $0.98 and revenue of $83.16 billion, while also announcing a quarterly dividend of $1.03 per share.
• Analysts remain generally constructive on XOM, with a consensus rating of Moderate Buy, though the stock is facing a potential governance overhang from proxy adviser opposition to its Texas redomicile proposal ahead of the annual meeting.

Cornerstone Wealth Management LLC raised its position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 10.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,575 shares of the oil and gas company's stock after buying an additional 8,484 shares during the quarter. Cornerstone Wealth Management LLC's holdings in ExxonMobil were worth $11,141,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Midwest Capital Advisors LLC purchased a new stake in ExxonMobil during the fourth quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock valued at $27,000 after buying an additional 187 shares in the last quarter. Key Capital Management INC purchased a new stake in ExxonMobil during the fourth quarter valued at about $28,000. Westfuller Advisors LLC purchased a new stake in ExxonMobil during the third quarter valued at about $30,000. Finally, Nvest Wealth Strategies Inc. purchased a new stake in ExxonMobil during the fourth quarter valued at about $32,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil saw unusually heavy bullish options activity, with investors buying 413,969 call options — nearly triple the usual daily volume — signaling rising trader expectations for more upside.
• Positive Sentiment: Broader energy-sector news remains supportive, including articles pointing to tighter oil supplies, possible geopolitical disruptions, and a “glitch” in the oil market that could benefit integrated producers like ExxonMobil. Article Title
• Positive Sentiment: Commentary on the durability of the energy rally has also been constructive, with analysts saying the sector’s discipline could help keep profits and valuations supported.
• Neutral Sentiment: ExxonMobil announced that senior vice president Neil Chapman will speak at the Bernstein 42nd Annual Strategic Decisions Conference on May 28. The event is routine investor-relations news, but it keeps the company in focus ahead of the upcoming meeting. Article Title
• Neutral Sentiment: ExxonMobil is also preparing for a shareholder vote on moving its incorporation from New Jersey to Texas. Management says the change would preserve or improve shareholder protections, but proxy advisers and some investors are urging a “no” vote, making this a governance issue to watch. Article Title
• Negative Sentiment: Proxy advisory firms Glass Lewis and ISS have recommended that investors oppose some board positions and Exxon’s Texas redomicile proposal, raising the risk of a contentious annual meeting and potential governance overhang. Article Title

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,150 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $157.82, for a total value of $339,313.00. Following the transaction, the vice president owned 18,204 shares in the company, valued at approximately $2,872,955.28. This represents a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on XOM shares. BMO Capital Markets reaffirmed a "market perform" rating and set a $155.00 price objective on shares of ExxonMobil in a research note on Wednesday, February 4th. JPMorgan Chase & Co. upped their price objective on shares of ExxonMobil from $140.00 to $170.00 and gave the company an "overweight" rating in a research note on Thursday, April 9th. Wolfe Research lowered shares of ExxonMobil from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, April 21st. Jefferies Financial Group increased their price target on shares of ExxonMobil from $178.00 to $184.00 and gave the stock a "buy" rating in a research report on Thursday, April 9th. Finally, Wells Fargo & Company increased their price target on shares of ExxonMobil from $183.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $163.95.

ExxonMobil Price Performance

NYSE XOM opened at $152.58 on Friday. The company has a 50 day simple moving average of $154.89 and a 200-day simple moving average of $137.31. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The firm has a market capitalization of $632.42 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 0.66 and a beta of 0.19. ExxonMobil Corporation has a 52-week low of $101.18 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.18. The business had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm's revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 earnings per share. Equities research analysts predict that ExxonMobil Corporation will post 11.5 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a $1.03 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. ExxonMobil's dividend payout ratio is currently 69.48%.

ExxonMobil Company Profile

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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