Exxon Mobil Co. (NYSE:XOM) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,358 shares of the oil and gas company’s stock after selling 300 shares during the quarter. Tributary Capital Management LLC’s holdings in Exxon Mobil were worth $980,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Peterson Wealth Advisors LLC raised its position in Exxon Mobil by 2.8% in the third quarter. Peterson Wealth Advisors LLC now owns 22,133 shares of the oil and gas company’s stock valued at $2,594,000 after purchasing an additional 593 shares during the period. Pointe Capital Management LLC lifted its stake in Exxon Mobil by 2.1% during the 3rd quarter. Pointe Capital Management LLC now owns 7,319 shares of the oil and gas company’s stock worth $858,000 after acquiring an additional 148 shares in the last quarter. Custom Index Systems LLC boosted its holdings in Exxon Mobil by 6.1% during the 3rd quarter. Custom Index Systems LLC now owns 1,944 shares of the oil and gas company’s stock valued at $228,000 after acquiring an additional 111 shares during the period. Motiv8 Investments LLC grew its holdings in shares of Exxon Mobil by 14.1% in the third quarter. Motiv8 Investments LLC now owns 10,697 shares of the oil and gas company’s stock valued at $1,254,000 after purchasing an additional 1,322 shares in the last quarter. Finally, OMNI 360 Wealth Inc. purchased a new stake in Exxon Mobil during the 3rd quarter worth approximately $229,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XOM. BMO Capital Markets upped their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Morgan Stanley cut their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Tuesday, October 8th. Finally, Wolfe Research initiated coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.44.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $117.33 on Wednesday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The stock has a market capitalization of $462.63 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 5.00 and a beta of 0.89. The company has a 50-day simple moving average of $117.60 and a 200-day simple moving average of $116.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.94 EPS. On average, analysts predict that Exxon Mobil Co. will post 8.05 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.24%. Exxon Mobil’s payout ratio is currently 46.57%.

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.