Indiana Trust & Investment Management Co Sells 350 Shares of Exxon Mobil Co. (NYSE:XOM)

Indiana Trust & Investment Management Co reduced its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,611 shares of the oil and gas company’s stock after selling 350 shares during the period. Indiana Trust & Investment Management Co’s holdings in Exxon Mobil were worth $1,679,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wedge Capital Management L L P NC boosted its holdings in Exxon Mobil by 1.8% in the 3rd quarter. Wedge Capital Management L L P NC now owns 7,077 shares of the oil and gas company’s stock valued at $830,000 after purchasing an additional 126 shares during the period. Creative Planning grew its position in Exxon Mobil by 0.5% during the third quarter. Creative Planning now owns 1,801,232 shares of the oil and gas company’s stock worth $211,140,000 after buying an additional 9,733 shares in the last quarter. Vontobel Holding Ltd. increased its stake in Exxon Mobil by 26.0% during the third quarter. Vontobel Holding Ltd. now owns 88,290 shares of the oil and gas company’s stock valued at $10,349,000 after acquiring an additional 18,230 shares during the period. Community Bank of Raymore raised its holdings in Exxon Mobil by 0.9% in the 3rd quarter. Community Bank of Raymore now owns 21,684 shares of the oil and gas company’s stock valued at $2,542,000 after acquiring an additional 200 shares in the last quarter. Finally, Probity Advisors Inc. lifted its position in shares of Exxon Mobil by 1.6% in the 3rd quarter. Probity Advisors Inc. now owns 8,867 shares of the oil and gas company’s stock worth $1,039,000 after acquiring an additional 143 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.0 %

Shares of XOM opened at $108.17 on Friday. The business’s fifty day moving average price is $108.88 and its two-hundred day moving average price is $114.78. The firm has a market capitalization of $475.42 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 2.94 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $100.60 and a 52 week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 period last year, the business earned $2.48 earnings per share. On average, analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.66%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent research reports. The Goldman Sachs Group cut their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. BMO Capital Markets reduced their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. Wells Fargo & Company lowered their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. Finally, HSBC dropped their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

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.