Tradition Wealth Management LLC Cuts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Tradition Wealth Management LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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.

Several other large investors have also bought and sold shares of XOM. Fairway Wealth LLC purchased a new position in Exxon Mobil during the fourth quarter worth about $31,000. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil in the 4th quarter worth approximately $36,000. Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth approximately $46,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $47,000. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Up 2.5 %

Shares of Exxon Mobil stock opened at $106.84 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The firm has a market cap of $462.12 billion, a PE ratio of 13.63, a PEG ratio of 3.02 and a beta of 0.61. The company has a 50 day simple moving average of $109.82 and a two-hundred day simple moving average of $112.68.

Exxon Mobil (NYSE:XOM) last announced 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the business earned $2.48 earnings per share. Analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays reduced their price objective on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company reduced 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. UBS Group lowered their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, BMO Capital Markets dropped their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $126.75.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by corporate insiders.

About Exxon Mobil

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.