Exxon Mobil Co. (XOM) Shares Bought by Cornerstone Advisors Inc.
Cornerstone Advisors Inc. grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,149 shares of the oil and gas company’s stock after purchasing an additional 214 shares during the period. Cornerstone Advisors Inc.’s holdings in Exxon Mobil were worth $351,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in XOM. Cerebellum GP LLC raised its holdings in Exxon Mobil by 3,424.1% during the fourth quarter. Cerebellum GP LLC now owns 1,022 shares of the oil and gas company’s stock valued at $70,000 after buying an additional 993 shares in the last quarter. CenterStar Asset Management LLC raised its holdings in Exxon Mobil by 120.3% during the fourth quarter. CenterStar Asset Management LLC now owns 1,539 shares of the oil and gas company’s stock valued at $105,000 after buying an additional 9,139 shares in the last quarter. Mackey Komara & Dankovich LLC bought a new position in Exxon Mobil during the fourth quarter valued at about $107,000. WESPAC Advisors SoCal LLC bought a new position in Exxon Mobil during the third quarter valued at about $110,000. Finally, Mainstay Capital Management LLC ADV raised its holdings in Exxon Mobil by 112.7% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,887 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 54.53% of the company’s stock.
XOM has been the topic of several recent research reports. JPMorgan Chase & Co. set a $87.00 target price on Exxon Mobil and gave the company a “neutral” rating in a report on Friday, February 1st. Morgan Stanley initiated coverage on Exxon Mobil in a report on Monday, April 1st. They set an “equal weight” rating and a $84.00 target price on the stock. HSBC restated a “buy” rating and set a $85.00 target price on shares of Exxon Mobil in a report on Wednesday, February 13th. Credit Suisse Group set a $79.00 target price on Exxon Mobil and gave the company a “neutral” rating in a report on Monday, December 31st. Finally, Bank of America set a $105.00 target price on Exxon Mobil and gave the company a “buy” rating in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $84.59.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.43. The company had revenue of $71.90 billion for the quarter, compared to the consensus estimate of $78.87 billion. Exxon Mobil had a return on equity of 10.84% and a net margin of 7.18%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $0.88 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 4.02 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 11th were given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Friday, February 8th. Exxon Mobil’s dividend payout ratio is currently 66.53%.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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