Indiana Trust & Investment Management CO decreased its position in Exxon Mobil Co. (NYSE:XOM) by 8.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,556 shares of the oil and gas company’s stock after selling 1,020 shares during the quarter. Indiana Trust & Investment Management CO’s holdings in Exxon Mobil were worth $589,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Horan Securities Inc. increased its position in shares of Exxon Mobil by 110.6% during the fourth quarter. Horan Securities Inc. now owns 596 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 313 shares during the period. Clark Financial Advisors purchased a new position in Exxon Mobil in the fourth quarter valued at $28,000. Mach 1 Financial Group Inc. purchased a new position in Exxon Mobil in the fourth quarter valued at $29,000. Bellwether Advisors LLC acquired a new position in Exxon Mobil in the fourth quarter valued at $32,000. Finally, Simon Quick Advisors LLC boosted its stake in Exxon Mobil by 2,412.5% in the fourth quarter. Simon Quick Advisors LLC now owns 1,005 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 965 shares in the last quarter. 50.90% of the stock is currently owned by institutional investors.
Exxon Mobil stock traded down $0.83 during mid-day 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. Exxon Mobil Co. has a 1 year low of $31.11 and a 1 year high of $62.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58. The company has a market capitalization of $236.06 billion, a P/E ratio of 33.68 and a beta of 1.31. The stock’s 50-day simple moving average is $57.07 and its 200-day simple moving average is $44.53.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Wednesday, February 10th were issued a $0.87 dividend. The ex-dividend date was Tuesday, February 9th. This represents a $3.48 dividend on an annualized basis and a yield of 6.24%. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.
In related news, Director Michael J. Angelakis bought 25,000 shares of the company’s stock in a transaction on 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 completion of the acquisition, the director now owns 8,000 shares in the company, valued at approximately $457,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.05% of the company’s stock.
Several research firms have issued reports on XOM. UBS Group restated a “neutral” rating and issued a $62.00 price objective (up previously from $48.00) on shares of Exxon Mobil in a research note on Monday, March 15th. Citigroup increased their target price on shares of Exxon Mobil from $44.00 to $53.00 in a research note on Thursday, March 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $65.00 target price on shares of Exxon Mobil in a research note on Tuesday, March 16th. Zacks Investment Research downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating and set a $51.00 target price for the company. in a research note on Monday, January 18th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $56.00 target price on shares of Exxon Mobil in a research note on Wednesday, February 3rd. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. Exxon Mobil has a consensus rating of “Hold” and a consensus 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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