Tributary Capital Management LLC Sells 150 Shares of Exxon Mobil Co. (NYSE:XOM)

Tributary Capital Management LLC trimmed its stake in Exxon Mobil Co. (NYSE:XOM) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,758 shares of the oil and gas company’s stock after selling 150 shares during the period. Tributary Capital Management LLC’s holdings in Exxon Mobil were worth $902,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Jackson Wealth Management LLC grew its position in Exxon Mobil by 3.0% during the third quarter. Jackson Wealth Management LLC now owns 31,903 shares of the oil and gas company’s stock valued at $3,751,000 after acquiring an additional 920 shares during the last quarter. Sei Investments Co. grew its position in Exxon Mobil by 6.4% during the third quarter. Sei Investments Co. now owns 918,703 shares of the oil and gas company’s stock valued at $108,021,000 after acquiring an additional 55,285 shares during the last quarter. Cito Capital Group LLC grew its position in Exxon Mobil by 16.8% during the third quarter. Cito Capital Group LLC now owns 17,402 shares of the oil and gas company’s stock valued at $2,046,000 after acquiring an additional 2,500 shares during the last quarter. Objective Capital Management LLC grew its position in Exxon Mobil by 6.7% during the third quarter. Objective Capital Management LLC now owns 5,395 shares of the oil and gas company’s stock valued at $634,000 after acquiring an additional 341 shares during the last quarter. Finally, Annandale Capital LLC bought a new position in Exxon Mobil during the third quarter valued at approximately $462,000. 61.80% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $114.18 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $450.21 billion, a P/E ratio of 13.99, a P/E/G ratio of 4.14 and a beta of 0.91. The business has a fifty day simple moving average of $115.14 and a two-hundred day simple moving average of $109.82. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.83 EPS. On average, equities analysts forecast that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XOM. Barclays started coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. Morgan Stanley restated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. HSBC raised their target price on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Piper Sandler raised their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Finally, TD Cowen raised their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $133.82.

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.