Tradition Wealth Management LLC Has $1.20 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Tradition Wealth Management LLC cut its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,109 shares of the oil and gas company’s stock after selling 275 shares during the quarter. Tradition Wealth Management LLC’s holdings in Exxon Mobil were worth $1,195,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of Exxon Mobil by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company’s stock worth $10,023,875,000 after acquiring an additional 1,104,617 shares during the last quarter. Norges Bank bought a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $6,936,737,000. Bank of New York Mellon Corp grew its position in shares of Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after purchasing an additional 5,538,694 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock worth $3,836,226,000 after purchasing an additional 4,140,046 shares during the period. Finally, Capital Research Global Investors lifted its holdings in Exxon Mobil by 3.9% during the 4th quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company’s stock worth $3,739,465,000 after purchasing an additional 1,293,111 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XOM. Morgan Stanley dropped their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Finally, UBS Group reduced their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $126.75.

Exxon Mobil Stock Up 2.5 %

Shares of NYSE XOM opened at $106.84 on Monday. The company’s 50 day moving average price is $109.82 and its 200-day moving average price is $112.68. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a market capitalization of $462.12 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the business posted $2.48 earnings per share. Equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.71%. Exxon Mobil’s payout ratio is currently 50.51%.

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.