Sendero Wealth Management LLC Grows Stake in Exxon Mobil Co. (NYSE:XOM)

Sendero Wealth Management LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,148 shares of the oil and gas company’s stock after buying an additional 248 shares during the period. Exxon Mobil makes up 1.3% of Sendero Wealth Management LLC’s portfolio, making the stock its 18th biggest position. Sendero Wealth Management LLC’s holdings in Exxon Mobil were worth $7,340,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of XOM. Logan Capital Management Inc. lifted its holdings in Exxon Mobil by 25.3% in the third quarter. Logan Capital Management Inc. now owns 29,754 shares of the oil and gas company’s stock valued at $3,498,000 after acquiring an additional 6,000 shares during the period. Gateway Advisory LLC lifted its holdings in Exxon Mobil by 6.7% in the third quarter. Gateway Advisory LLC now owns 34,024 shares of the oil and gas company’s stock valued at $4,001,000 after acquiring an additional 2,131 shares during the period. Stone Run Capital LLC bought a new position in Exxon Mobil in the third quarter valued at about $205,000. Insigneo Advisory Services LLC lifted its holdings in Exxon Mobil by 7.2% in the third quarter. Insigneo Advisory Services LLC now owns 24,044 shares of the oil and gas company’s stock valued at $2,827,000 after acquiring an additional 1,621 shares during the period. Finally, Fairhaven Wealth Management LLC lifted its holdings in Exxon Mobil by 888.6% in the third quarter. Fairhaven Wealth Management LLC now owns 18,793 shares of the oil and gas company’s stock valued at $2,210,000 after acquiring an additional 16,892 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $115.11 on Friday. The stock has a market cap of $453.88 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 4.13 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The stock has a 50 day moving average price of $115.25 and a 200-day moving average price of $109.57. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.83 EPS. Equities analysts expect that Exxon Mobil Co. will post 9.28 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Mizuho increased their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. TD Cowen raised their price objective on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Scotiabank raised their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Truist Financial reaffirmed a “hold” rating and issued a $124.00 price objective (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Finally, HSBC raised their price objective on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $133.82.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

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.