Cornerstone Advisory LLC Sells 687 Shares of Exxon Mobil Co. (NYSE:XOM)

Cornerstone Advisory LLC decreased its position in Exxon Mobil Co. (NYSE:XOM) by 3.3% during the fourth quarter, Holdings Channel reports. The fund owned 20,295 shares of the oil and gas company’s stock after selling 687 shares during the period. Cornerstone Advisory LLC’s holdings in Exxon Mobil were worth $2,197,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Brown Shipley& Co Ltd grew its position in shares of Exxon Mobil by 11.4% during the fourth quarter. Brown Shipley& Co Ltd now owns 1,611 shares of the oil and gas company’s stock worth $173,000 after purchasing an additional 165 shares in the last quarter. Mosaic Family Wealth Partners LLC boosted its holdings in shares of Exxon Mobil by 5.8% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 5,033 shares of the oil and gas company’s stock worth $541,000 after purchasing an additional 274 shares during the period. RB Capital Management LLC boosted its holdings in shares of Exxon Mobil by 3.3% in the 4th quarter. RB Capital Management LLC now owns 22,733 shares of the oil and gas company’s stock worth $2,445,000 after purchasing an additional 734 shares during the period. Pinkerton Retirement Specialists LLC boosted its holdings in shares of Exxon Mobil by 3.3% in the 4th quarter. Pinkerton Retirement Specialists LLC now owns 44,622 shares of the oil and gas company’s stock worth $4,800,000 after purchasing an additional 1,432 shares during the period. Finally, McIlrath & Eck LLC lifted its stake in shares of Exxon Mobil by 5.0% during the 4th quarter. McIlrath & Eck LLC now owns 5,885 shares of the oil and gas company’s stock worth $633,000 after acquiring an additional 282 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.1%

Exxon Mobil stock opened at $103.77 on Thursday. The firm has a market cap of $447.22 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a fifty day moving average price of $108.69 and a two-hundred day moving average price of $110.62.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.06 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.82%. Exxon Mobil’s dividend payout ratio is 52.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Piper Sandler decreased their target price on Exxon Mobil from $127.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, May 13th. Mizuho dropped their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Barclays dropped their price target on Exxon Mobil from $130.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Bernstein Bank upped their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Argus upgraded Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $125.50.

About Exxon Mobil

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.