Indiana Trust & Investment Management Co grew its position in ExxonMobil Corporation (NYSE:XOM – Free Report) by 38.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 24,848 shares of the oil and gas company’s stock after acquiring an additional 6,870 shares during the period. ExxonMobil comprises approximately 1.3% of Indiana Trust & Investment Management Co’s portfolio, making the stock its 17th largest position. Indiana Trust & Investment Management Co’s holdings in ExxonMobil were worth $4,216,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in XOM. Berbice Capital Management LLC acquired a new position in ExxonMobil in the fourth quarter valued at about $26,000. Midwest Capital Advisors LLC bought a new position in shares of ExxonMobil during the 4th quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of ExxonMobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 187 shares during the period. Key Capital Management INC acquired a new position in shares of ExxonMobil in the 4th quarter valued at approximately $28,000. Finally, Nvest Wealth Strategies Inc. bought a new stake in ExxonMobil during the 4th quarter worth approximately $32,000. Institutional investors own 61.80% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have commented on XOM. Barclays raised their target price on shares of ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Scotiabank increased their price objective on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Morgan Stanley dropped their price objective on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Citigroup reaffirmed a “neutral” rating on shares of ExxonMobil in a research report on Wednesday. Finally, Zacks Research lowered shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Eleven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.45.
ExxonMobil Stock Down 2.7%
Shares of XOM stock opened at $137.31 on Friday. The firm’s fifty day moving average price is $146.53 and its two-hundred day moving average price is $145.43. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41. The firm has a market capitalization of $569.12 billion, a P/E ratio of 23.15, a PEG ratio of 0.61 and a beta of 0.17.
ExxonMobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. The company had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 EPS. On average, equities analysts predict that ExxonMobil Corporation will post 11.64 EPS for the current fiscal year.
ExxonMobil Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is currently 69.48%.
ExxonMobil News Summary
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: Exxon signaled a stronger-than-expected Q2 earnings backdrop, with higher crude prices and improved refining/upstream margins expected to lift results. Strong Commodity Tailwinds Poised to Boost XOM’s Q2 Results
- Positive Sentiment: The company updated Q2 earnings considerations, and multiple reports said the new outlook points to a potentially large profit windfall, with some estimates rising to around $5 billion in quarterly earnings lift. Exxon Mobil updates Q2 earnings considerations, cites impacts across key businesses
- Positive Sentiment: ExxonMobil and partners committed about $1 billion to Nigeria’s Usan Infill Project, which could add roughly 40,000 barrels per day of production and strengthen future output growth. ExxonMobil to invest $1 billion in Nigeria’s oilfield, regulator says
ExxonMobil Profile
ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.
ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.
Featured Articles
- Five stocks we like better than ExxonMobil
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
- Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExxonMobil Corporation (NYSE:XOM – Free Report).
Receive News & Ratings for ExxonMobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExxonMobil and related companies with MarketBeat.com's FREE daily email newsletter.
