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

Sendero Wealth Management LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 22.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,189 shares of the oil and gas company's stock after buying an additional 14,572 shares during the quarter. Exxon Mobil accounts for approximately 1.3% of Sendero Wealth Management LLC's holdings, making the stock its 15th biggest holding. Sendero Wealth Management LLC's holdings in Exxon Mobil were worth $9,299,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. 10Elms LLP purchased a new stake in Exxon Mobil during the fourth quarter valued at approximately $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $32,000. Keystone Financial Group Inc. bought a new stake in Exxon Mobil in the fourth quarter worth $36,000. Finally, Compass Planning Associates Inc bought a new stake in Exxon Mobil in the fourth quarter worth $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XOM has been the topic of several recent analyst reports. UBS Group reduced their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Finally, Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Stock Down 0.5%

Shares of NYSE XOM traded down $0.51 during midday trading on Thursday, reaching $101.79. 13,905,570 shares of the company's stock traded hands, compared to its average volume of 15,532,486. The company has a market cap of $438.67 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 3.02 and a beta of 0.51. The stock's 50 day simple moving average is $106.06 and its 200-day simple moving average is $109.42. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the firm earned $2.06 EPS. The business's revenue for the quarter was up .1% on a year-over-year basis. On average, analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.89%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

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.