Sendero Wealth Management LLC Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Sendero Wealth Management LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,568 shares of the oil and gas company’s stock after selling 175 shares during the period. Exxon Mobil makes up about 1.2% of Sendero Wealth Management LLC’s portfolio, making the stock its 23rd biggest position. Sendero Wealth Management LLC’s holdings in Exxon Mobil were worth $7,451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Kestra Advisory Services LLC lifted its holdings in shares of Exxon Mobil by 19.1% in the 4th quarter. Kestra Advisory Services LLC now owns 577,626 shares of the oil and gas company’s stock valued at $57,751,000 after buying an additional 92,689 shares during the period. Waverly Advisors LLC grew its stake in shares of Exxon Mobil by 17.0% during the 4th quarter. Waverly Advisors LLC now owns 65,941 shares of the oil and gas company’s stock worth $6,593,000 after purchasing an additional 9,575 shares during the period. Pinnacle Holdings LLC increased its holdings in shares of Exxon Mobil by 62.7% during the 4th quarter. Pinnacle Holdings LLC now owns 5,756 shares of the oil and gas company’s stock valued at $575,000 after purchasing an additional 2,219 shares in the last quarter. Gibson Capital LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $264,000. Finally, Pitcairn Co. boosted its holdings in Exxon Mobil by 17.9% during the fourth quarter. Pitcairn Co. now owns 39,172 shares of the oil and gas company’s stock worth $3,916,000 after buying an additional 5,941 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE XOM traded up $1.20 during trading hours on Thursday, hitting $123.29. 4,299,624 shares of the stock were exchanged, compared to its average volume of 16,749,500. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The stock has a 50-day moving average of $116.64 and a 200 day moving average of $116.21. The company has a market cap of $486.13 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 4.86 and a beta of 0.89. 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 announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share 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 posted $1.94 EPS. The company’s revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Co. will post 8.06 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wolfe Research assumed coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 target price on the stock. Wells Fargo & Company upped their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Morgan Stanley lowered their price objective on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $129.00 to $145.00 in a research report on Thursday. Finally, Mizuho boosted their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.61.

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.