Sanders Morris Harris LLC Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

Sanders Morris Harris LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,177 shares of the oil and gas company's stock after selling 3,925 shares during the period. Exxon Mobil accounts for about 0.9% of Sanders Morris Harris LLC's portfolio, making the stock its 17th largest holding. Sanders Morris Harris LLC's holdings in Exxon Mobil were worth $5,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

XOM has been the topic of several analyst reports. Wells Fargo & Company reduced their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Finally, UBS Group cut their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One equities 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 assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Stock Up 0.7%

Shares of NYSE XOM traded up $0.71 during mid-day trading on Monday, hitting $103.01. The company had a trading volume of 17,286,652 shares, compared to its average volume of 15,555,130. The company has a market capitalization of $443.95 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. The business's 50-day simple moving average is $106.95 and its 200 day simple moving average is $109.62.

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

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.84%. The ex-dividend date is Thursday, May 15th. 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.