Tributary Capital Management LLC Sells 350 Shares of Exxon Mobil Co. (NYSE:XOM)

Tributary Capital Management LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,008 shares of the oil and gas company’s stock after selling 350 shares during the period. Tributary Capital Management LLC’s holdings in Exxon Mobil were worth $861,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC raised its position in shares of Exxon Mobil by 0.3% during the 3rd quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after buying an additional 395,218 shares in the last quarter. Geode Capital Management LLC increased its stake in Exxon Mobil by 1.8% in the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after acquiring an additional 1,622,064 shares during the last quarter. Franklin Resources Inc. raised its position in Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Exxon Mobil by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,160,117 shares of the oil and gas company’s stock worth $3,652,589,000 after purchasing an additional 146,374 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Exxon Mobil by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 29,197,557 shares of the oil and gas company’s stock worth $3,422,538,000 after purchasing an additional 949,875 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 1.4 %

Shares of NYSE XOM opened at $110.16 on Tuesday. The firm has a fifty day simple moving average of $111.56 and a two-hundred day simple moving average of $115.44. The firm has a market capitalization of $484.16 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period last year, the business posted $2.27 earnings per share. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts expect that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.59%. Exxon Mobil’s payout ratio is currently 49.32%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on XOM. Bank of America assumed coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. TD Cowen decreased their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Wolfe Research boosted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, BMO Capital Markets lifted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $128.84.

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.