Cornerstone Advisory LLC Sells 7,035 Shares of ExxonMobil Corporation $XOM

Cornerstone Advisory LLC lowered its stake in ExxonMobil Corporation (NYSE:XOM) by 25.5% in the first quarter, HoldingsChannel.com reports. The firm owned 20,552 shares of the oil and gas company’s stock after selling 7,035 shares during the quarter. Cornerstone Advisory LLC’s holdings in ExxonMobil were worth $3,487,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Camden National Bank lifted its holdings in ExxonMobil by 1.4% during the 1st quarter. Camden National Bank now owns 9,433 shares of the oil and gas company’s stock worth $1,600,000 after buying an additional 126 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in shares of ExxonMobil by 4.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 38,466 shares of the oil and gas company’s stock valued at $6,526,000 after buying an additional 1,469 shares during the period. First National Bank of Hutchinson increased its stake in shares of ExxonMobil by 60.5% in the 1st quarter. First National Bank of Hutchinson now owns 14,753 shares of the oil and gas company’s stock valued at $2,503,000 after buying an additional 5,559 shares during the period. CFO Capital Management LLC raised its position in shares of ExxonMobil by 914.1% during the first quarter. CFO Capital Management LLC now owns 78,656 shares of the oil and gas company’s stock worth $13,345,000 after acquiring an additional 70,900 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its position in shares of ExxonMobil by 0.5% during the first quarter. Maryland State Retirement & Pension System now owns 212,591 shares of the oil and gas company’s stock worth $36,068,000 after acquiring an additional 999 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Trading Up 1.1%

NYSE:XOM opened at $147.56 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year high of $176.41. The firm has a market capitalization of $611.62 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 0.61 and a beta of 0.17. The business’s 50-day moving average price is $145.78 and its two-hundred day moving average price is $146.31.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The company had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 EPS. On average, equities analysts expect that ExxonMobil Corporation will post 11.38 earnings per share for the current year.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio is presently 69.48%.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s expanding LNG portfolio, including the Golden Pass project and other developments, could lift export capacity and future cash flows, strengthening the company’s long-term growth outlook. Will ExxonMobil’s Expanding LNG Portfolio Drive Long-Term Growth?
• Positive Sentiment: Analysts remain upbeat on ExxonMobil, with one report citing an average price target of $164.45, suggesting Wall Street still sees upside from current levels. Analysts Set ExxonMobil Corporation (NYSE:XOM) Target Price at $164.45
• Positive Sentiment: Erste Group raised its FY2027 EPS estimate for ExxonMobil to $10.80 from $10.49, reinforcing expectations that earnings will stay strong over the next few years.

Analysts Set New Price Targets

Several equities analysts recently issued reports on XOM shares. TD Cowen decreased their price target on ExxonMobil from $172.00 to $155.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. JPMorgan Chase & Co. boosted their price objective on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Piper Sandler cut their target price on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Citigroup reaffirmed a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. Finally, Barclays lifted their price target on shares of ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.45.

ExxonMobil 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.