Indiana Trust & Investment Management CO Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)


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Indiana Trust & Investment Management CO decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,556 shares of the oil and gas company’s stock after selling 1,020 shares during the period. Indiana Trust & Investment Management CO’s holdings in Exxon Mobil were worth $589,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Clark Financial Advisors purchased a new stake in Exxon Mobil during the 4th quarter worth $28,000. Horan Securities Inc. increased its stake in Exxon Mobil by 110.6% during the 4th quarter. Horan Securities Inc. now owns 596 shares of the oil and gas company’s stock worth $25,000 after buying an additional 313 shares during the period. Mach 1 Financial Group Inc. purchased a new stake in Exxon Mobil during the 4th quarter worth $29,000. Bellwether Advisors LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $32,000. Finally, Luken Investment Analytics LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $41,000. 50.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:XOM traded down $0.83 during trading on Thursday, reaching $55.76. The company had a trading volume of 538,624 shares, compared to its average volume of 31,036,705. The firm’s fifty day moving average is $57.07 and its 200 day moving average is $44.53. The firm has a market capitalization of $236.06 billion, a PE ratio of 33.68 and a beta of 1.31. Exxon Mobil Co. has a twelve month low of $31.11 and a twelve month high of $62.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.93.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Monday, February 1st. The oil and gas company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $46.54 billion during the quarter, compared to analyst estimates of $48.76 billion. Exxon Mobil had a net margin of 3.24% and a return on equity of 2.09%. The business’s revenue for the quarter was down 30.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.33 EPS. Equities analysts predict that Exxon Mobil Co. will post -0.52 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Wednesday, February 10th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date was Tuesday, February 9th. Exxon Mobil’s dividend payout ratio is currently 154.67%.

In related news, Director Michael J. Angelakis purchased 25,000 shares of Exxon Mobil stock in a transaction dated Monday, March 1st. The stock was bought at an average cost of $57.16 per share, with a total value of $1,429,000.00. Following the purchase, the director now owns 8,000 shares in the company, valued at approximately $457,280. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.05% of the company’s stock.

Several research firms have recently weighed in on XOM. Evercore ISI began coverage on shares of Exxon Mobil in a research report on Tuesday, February 23rd. They issued an “inline” rating and a $48.00 target price for the company. JPMorgan Chase & Co. reissued a “buy” rating and issued a $56.00 target price on shares of Exxon Mobil in a research report on Wednesday, February 3rd. Morgan Stanley boosted their target price on shares of Exxon Mobil from $60.00 to $71.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 16th. Exane BNP Paribas raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $45.50 target price for the company in a research report on Monday, February 8th. Finally, DZ Bank raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and set a $58.00 target price for the company in a research report on Thursday, March 11th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $52.67.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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