Exxon Mobil Corporation $XOM Shares Sold by Sendero Wealth Management LLC

Sendero Wealth Management LLC decreased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,826 shares of the oil and gas company's stock after selling 2,363 shares during the quarter. Exxon Mobil comprises approximately 1.0% of Sendero Wealth Management LLC's holdings, making the stock its 18th largest position. Sendero Wealth Management LLC's holdings in Exxon Mobil were worth $8,174,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Plimoth Trust Co. LLC raised its position in shares of Exxon Mobil by 1.2% during the second quarter. Plimoth Trust Co. LLC now owns 61,148 shares of the oil and gas company's stock worth $6,592,000 after purchasing an additional 730 shares during the period. DAVENPORT & Co LLC raised its position in shares of Exxon Mobil by 2.8% during the second quarter. DAVENPORT & Co LLC now owns 466,380 shares of the oil and gas company's stock worth $50,278,000 after purchasing an additional 12,681 shares during the period. Valpey Financial Services LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth $428,000. Grimes & Company Inc. raised its position in shares of Exxon Mobil by 3.5% during the second quarter. Grimes & Company Inc. now owns 80,312 shares of the oil and gas company's stock worth $8,658,000 after purchasing an additional 2,751 shares during the period. Finally, Three Bridge Wealth Advisors LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth $404,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.5%

Shares of Exxon Mobil stock opened at $115.39 on Friday. The firm has a market cap of $491.94 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 2.05 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21. The stock has a 50-day simple moving average of $112.58 and a 200-day simple moving average of $109.54.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion during the quarter. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on XOM shares. Barclays cut their target price on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 7th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. UBS Group upped their price target on Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, October 13th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Exxon Mobil in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $127.58.

Exxon Mobil 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.

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