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

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Axis Wealth Partners LLC raised its position in shares of Exxon Mobil by 1.8% in the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock worth $545,000 after acquiring an additional 90 shares during the period. Park Edge Advisors LLC raised its position in shares of Exxon Mobil by 0.3% in the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock worth $3,453,000 after acquiring an additional 91 shares during the period. Willow Creek Wealth Management Inc. raised its position in shares of Exxon Mobil by 3.6% in the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock worth $285,000 after acquiring an additional 91 shares during the period. Chapin Davis Inc. raised its position in shares of Exxon Mobil by 2.1% in the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock worth $497,000 after acquiring an additional 93 shares during the period. Finally, Cascade Investment Group Inc. increased its stake in shares of Exxon Mobil by 2.1% during the second quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company’s stock worth $476,000 after purchasing an additional 93 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Down 0.5%

Shares of NYSE XOM opened at $115.39 on Friday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The stock has a market cap of $491.94 billion, a PE ratio of 16.39, a P/E/G ratio of 2.06 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $112.58 and a 200 day moving average of $109.48.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $57.55 billion during the quarter. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio is currently 56.25%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on XOM shares. Melius Research started coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Melius started coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Mizuho cut their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. UBS Group boosted their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.58.

Exxon Mobil Company 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.