Trading Report: The Exxon Mobil Corp. (XOM) Stake Decreased by Cornerstone Financial Partners LLC

The Exxon Mobil Corp. (XOM) Stake Decreased by Cornerstone Financial Partners LLC

Cornerstone Financial Partners LLC cut its stake in Exxon Mobil Corp. (NYSE:XOM) by 2.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 9,431 shares of the company’s stock after selling 274 shares during the period. Cornerstone Financial Partners LLC’s holdings in Exxon Mobil Corp. were worth $885,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Edgar Lomax Co. VA boosted its position in Exxon Mobil Corp. by 17.5% in the first quarter. Edgar Lomax Co. VA now owns 846,898 shares of the company’s stock valued at $70,792,000 after buying an additional 126,050 shares during the last quarter. Gofen & Glossberg LLC IL boosted its position in Exxon Mobil Corp. by 0.3% in the second quarter. Gofen & Glossberg LLC IL now owns 615,196 shares of the company’s stock valued at $57,668,000 after buying an additional 1,572 shares during the last quarter. Lodestar Investment Counsel LLC IL boosted its position in Exxon Mobil Corp. by 3.7% in the second quarter. Lodestar Investment Counsel LLC IL now owns 232,576 shares of the company’s stock valued at $21,802,000 after buying an additional 8,293 shares during the last quarter. British Columbia Investment Management Corp boosted its position in Exxon Mobil Corp. by 0.5% in the second quarter. British Columbia Investment Management Corp now owns 1,918,199 shares of the company’s stock valued at $179,812,000 after buying an additional 9,739 shares during the last quarter. Finally, Peddock Capital Advisors LLC boosted its position in Exxon Mobil Corp. by 16.0% in the second quarter. Peddock Capital Advisors LLC now owns 834,564 shares of the company’s stock valued at $78,232,000 after buying an additional 115,015 shares during the last quarter. 50.42% of the stock is owned by institutional investors.

Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.03% during mid-day trading on Friday, hitting $86.53. The stock had a trading volume of 2,701,588 shares. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55. The stock has a 50 day moving average of $86.23 and a 200-day moving average of $88.35. The stock has a market capitalization of $358.81 billion, a P/E ratio of 34.36 and a beta of 0.83.

Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by $0.23. The firm earned $57.69 billion during the quarter, compared to the consensus estimate of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The business’s revenue for the quarter was down 22.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 earnings per share. On average, equities research analysts predict that Exxon Mobil Corp. will post $2.28 earnings per share for the current year.

Several research analysts recently weighed in on the company. Jefferies Group reaffirmed a “hold” rating on shares of Exxon Mobil Corp. in a research note on Sunday, July 10th. Credit Suisse Group AG set a $74.00 target price on Exxon Mobil Corp. and gave the company a “sell” rating in a research note on Friday. HSBC set a $88.50 target price on Exxon Mobil Corp. and gave the company a “neutral” rating in a research note on Wednesday, July 13th. BNP Paribas set a $80.00 target price on Exxon Mobil Corp. and gave the company a “sell” rating in a research note on Tuesday. Finally, Vetr raised Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $93.03 target price for the company in a research note on Monday, June 27th. Eight equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company. Exxon Mobil Corp. has an average rating of “Hold” and an average target price of $87.77.

In related news, VP Robert Stuart Franklin sold 13,855 shares of the company’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total transaction of $1,218,270.15. Following the sale, the vice president now owns 213,256 shares in the company, valued at $18,751,600.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.

Exxon Mobil Corp. Company Profile

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

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