Cornerstone Wealth Group LLC Has $9.67 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Cornerstone Wealth Group LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,500 shares of the oil and gas company’s stock after purchasing an additional 791 shares during the period. Cornerstone Wealth Group LLC’s holdings in Exxon Mobil were worth $9,671,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Patron Partners LLC boosted its position in shares of Exxon Mobil by 7.4% during the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock worth $4,294,000 after purchasing an additional 2,564 shares in the last quarter. YHB Investment Advisors Inc. increased its stake in Exxon Mobil by 5.9% in the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock valued at $3,770,000 after buying an additional 1,836 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Exxon Mobil by 79.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock valued at $98,914,000 after buying an additional 380,399 shares during the last quarter. Blair William & Co. IL increased its stake in Exxon Mobil by 64.6% in the 2nd quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock valued at $111,392,000 after buying an additional 379,747 shares during the last quarter. Finally, Haverford Trust Co increased its stake in Exxon Mobil by 2.8% in the 1st quarter. Haverford Trust Co now owns 135,391 shares of the oil and gas company’s stock valued at $15,738,000 after buying an additional 3,680 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wolfe Research boosted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday. Bank of America initiated coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. BMO Capital Markets boosted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Barclays cut their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Finally, Morgan Stanley cut their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $130.37.

Exxon Mobil Stock Down 1.5 %

Shares of NYSE XOM opened at $114.98 on Friday. The firm has a market cap of $453.35 billion, a PE ratio of 13.75, a P/E/G ratio of 4.83 and a beta of 0.89. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company’s fifty day simple moving average is $117.67 and its 200 day simple moving average is $116.36. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period in the prior year, the firm earned $1.94 earnings per share. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 8.05 earnings per share for the current fiscal year.

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.