Indiana Trust & Investment Management CO cut its stake in Exxon Mobil Co. (NYSE:XOM) by 16.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,849 shares of the oil and gas company’s stock after selling 4,948 shares during the period. Indiana Trust & Investment Management CO’s holdings in Exxon Mobil were worth $1,694,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Kwmg LLC purchased a new position in Exxon Mobil in the second quarter valued at about $102,000. WESPAC Advisors SoCal LLC purchased a new stake in shares of Exxon Mobil during the third quarter worth about $110,000. Camarda Financial Advisors LLC grew its stake in shares of Exxon Mobil by 175.2% during the third quarter. Camarda Financial Advisors LLC now owns 1,833 shares of the oil and gas company’s stock worth $156,000 after acquiring an additional 1,167 shares during the last quarter. Mainstay Capital Management LLC ADV grew its stake in shares of Exxon Mobil by 112.7% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,887 shares of the oil and gas company’s stock worth $156,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Smart Portfolios LLC grew its stake in shares of Exxon Mobil by 97.8% during the second quarter. Smart Portfolios LLC now owns 2,023 shares of the oil and gas company’s stock worth $167,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 53.50% of the company’s stock.
A number of brokerages have recently weighed in on XOM. Royal Bank of Canada restated a “buy” rating and set a $95.00 price target on shares of Exxon Mobil in a research note on Tuesday, February 19th. Argus restated a “buy” rating on shares of Exxon Mobil in a research note on Wednesday, February 6th. Credit Suisse Group set a $79.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Goldman Sachs Group set a $79.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research note on Friday, February 1st. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $93.00 price target on shares of Exxon Mobil in a research note on Monday, December 10th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $84.52.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 1st. The oil and gas company reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.43. The business had revenue of $71.90 billion during the quarter, compared to analysts’ expectations of $78.87 billion. Exxon Mobil had a return on equity of 10.84% and a net margin of 7.18%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 4.07 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 11th were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Friday, February 8th. Exxon Mobil’s dividend payout ratio (DPR) is presently 66.53%.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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