Tradition Wealth Management LLC Sells 429 Shares of Exxon Mobil Corporation $XOM

Tradition Wealth Management LLC lessened its position in Exxon Mobil Corporation (NYSE:XOM) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,680 shares of the oil and gas company’s stock after selling 429 shares during the period. Tradition Wealth Management LLC’s holdings in Exxon Mobil were worth $1,270,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of XOM. Northern Trust Corp boosted its holdings in shares of Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after buying an additional 2,998,892 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Exxon Mobil by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company’s stock valued at $5,390,318,000 after buying an additional 1,340,343 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Exxon Mobil by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company’s stock valued at $3,850,167,000 after buying an additional 512,860 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Exxon Mobil by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company’s stock valued at $3,028,968,000 after buying an additional 909,386 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Exxon Mobil in the first quarter valued at approximately $2,730,414,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $108.5440 on Thursday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The firm has a fifty day simple moving average of $110.27 and a 200 day simple moving average of $108.87. The stock has a market capitalization of $462.75 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 2.01 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. During the same quarter in the prior year, the company posted $2.14 earnings per share. The firm’s revenue was down 12.4% on a year-over-year basis. Research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil’s dividend payout ratio is 56.25%.

Analysts Set New Price Targets

XOM has been the subject of several research analyst reports. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. TD Cowen upped their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Wall Street Zen cut shares of Exxon Mobil from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Finally, Mizuho reduced their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Hold” and an average price target of $125.00.

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.