Tributary Capital Management LLC Has $861,000 Stake in Exxon Mobil Co. (NYSE:XOM)

Tributary Capital Management LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the second quarter worth approximately $46,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the 3rd quarter valued at $51,000. Highline Wealth Partners LLC bought a new stake in Exxon Mobil during the 3rd quarter valued at $54,000. Finally, Harbor Capital Advisors Inc. acquired a new position in Exxon Mobil during the third quarter worth $63,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on XOM shares. JPMorgan Chase & Co. decreased their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Barclays lowered their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Morgan Stanley dropped their price objective on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, BMO Capital Markets upped their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Stock Up 1.4 %

Shares of NYSE XOM opened at $110.16 on Tuesday. The business’s fifty day moving average price is $111.56 and its 200-day moving average price is $115.44. Exxon Mobil Co. has a one year low of $100.42 and a one year high of $126.34. The stock has a market capitalization of $484.16 billion, a PE ratio of 13.72, a P/E/G ratio of 2.86 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $2.27 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This is a boost 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 49.32%.

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.