Tributary Capital Management LLC Reduces Holdings in Exxon Mobil Corporation $XOM

Tributary Capital Management LLC decreased its position in Exxon Mobil Corporation (NYSE:XOM) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,315 shares of the oil and gas company’s stock after selling 100 shares during the period. Tributary Capital Management LLC’s holdings in Exxon Mobil were worth $681,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Ethic Inc. grew its stake in shares of Exxon Mobil by 11.3% in the 2nd quarter. Ethic Inc. now owns 71,283 shares of the oil and gas company’s stock valued at $7,797,000 after buying an additional 7,240 shares during the period. Meadow Creek Wealth Advisors LLC grew its stake in shares of Exxon Mobil by 23.2% in the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 13,244 shares of the oil and gas company’s stock valued at $1,428,000 after buying an additional 2,490 shares during the period. Caliber Wealth Management LLC KS grew its stake in shares of Exxon Mobil by 9.0% in the 2nd quarter. Caliber Wealth Management LLC KS now owns 20,533 shares of the oil and gas company’s stock valued at $2,213,000 after buying an additional 1,690 shares during the period. BlueChip Wealth Advisors LLC grew its stake in shares of Exxon Mobil by 3.8% in the 2nd quarter. BlueChip Wealth Advisors LLC now owns 3,787 shares of the oil and gas company’s stock valued at $408,000 after buying an additional 137 shares during the period. Finally, Dudley Capital Management LLC grew its stake in shares of Exxon Mobil by 0.3% in the 2nd quarter. Dudley Capital Management LLC now owns 44,800 shares of the oil and gas company’s stock valued at $4,829,000 after buying an additional 153 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Melius Research assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Morgan Stanley increased their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $127.58.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $115.39 on Friday. The firm has a market cap of $491.94 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $112.58 and its two-hundred day moving average is $109.48.

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

Exxon Mobil Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. Exxon Mobil’s dividend payout ratio is 56.25%.

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.