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

Indiana Trust & Investment Management CO lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 8.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,089 shares of the oil and gas company’s stock after selling 1,419 shares during the period. Indiana Trust & Investment Management CO’s holdings in Exxon Mobil were worth $1,754,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Root Financial Partners LLC lifted its stake in Exxon Mobil by 10.7% during the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 199 shares during the last quarter. RNC Capital Management LLC raised its holdings in shares of Exxon Mobil by 5.5% during the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after purchasing an additional 4,585 shares during the period. Dupree Financial Group LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $378,000. Intact Investment Management Inc. grew its position in shares of Exxon Mobil by 225.7% during the 4th quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after buying an additional 47,400 shares during the last quarter. Finally, AJOVista LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $312,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $115.11 on Friday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $115.25 and its two-hundred day moving average price is $109.57. The stock has a market cap of $453.88 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 4.13 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.83 earnings per share. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 9.28 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.30%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent research reports. Barclays started coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Truist Financial reaffirmed a “hold” rating and issued a $124.00 target price (down from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Wells Fargo & Company upped their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. UBS Group lifted their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, TD Cowen upped their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $133.82.

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.