W.H. Cornerstone Investments Inc. Grows Position in Exxon Mobil Corporation $XOM

W.H. Cornerstone Investments Inc. boosted its position in Exxon Mobil Corporation (NYSE:XOM) by 23.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,585 shares of the oil and gas company’s stock after buying an additional 2,606 shares during the period. Exxon Mobil makes up approximately 0.9% of W.H. Cornerstone Investments Inc.’s investment portfolio, making the stock its 24th largest holding. W.H. Cornerstone Investments Inc.’s holdings in Exxon Mobil were worth $1,464,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil during the first quarter valued at $29,000. Elequin Capital LP acquired a new position in Exxon Mobil in the 1st quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd raised its position in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares during the period. Game Plan Financial Advisors LLC lifted its holdings in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in Exxon Mobil in the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Wells Fargo & Company initiated coverage on Exxon Mobil in a research note on Friday, October 17th. They issued an “overweight” rating and a $156.00 price target on the stock. Morgan Stanley raised their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Finally, Melius Research started coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $128.67.

Exxon Mobil Price Performance

XOM stock traded up $0.49 during trading on Thursday, hitting $118.61. The stock had a trading volume of 1,369,742 shares, compared to its average volume of 16,084,414. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21. The stock has a market cap of $500.19 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The company’s 50 day moving average price is $113.75 and its two-hundred day moving average price is $110.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $57.55 billion during the quarter. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. Exxon Mobil’s payout ratio is presently 59.88%.

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.