OLD National Bancorp IN Has $16.37 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

OLD National Bancorp IN trimmed its position in Exxon Mobil Co. (NYSE:XOM) by 7.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,646 shares of the oil and gas company’s stock after selling 11,112 shares during the period. OLD National Bancorp IN’s holdings in Exxon Mobil were worth $16,370,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SOA Wealth Advisors LLC. increased its position in Exxon Mobil by 262.1% in the 1st quarter. SOA Wealth Advisors LLC. now owns 25,332 shares of the oil and gas company’s stock valued at $3,013,000 after buying an additional 18,336 shares in the last quarter. Professional Advisory Services Inc. increased its position in Exxon Mobil by 1.8% in the 1st quarter. Professional Advisory Services Inc. now owns 7,831 shares of the oil and gas company’s stock valued at $931,000 after buying an additional 138 shares in the last quarter. Kennebec Savings Bank increased its position in Exxon Mobil by 7.1% in the 1st quarter. Kennebec Savings Bank now owns 16,604 shares of the oil and gas company’s stock valued at $1,975,000 after buying an additional 1,105 shares in the last quarter. KMG Fiduciary Partners LLC increased its position in Exxon Mobil by 24.8% in the 1st quarter. KMG Fiduciary Partners LLC now owns 18,252 shares of the oil and gas company’s stock valued at $2,171,000 after buying an additional 3,625 shares in the last quarter. Finally, Griffith & Werner Inc. increased its position in Exxon Mobil by 13.4% in the 1st quarter. Griffith & Werner Inc. now owns 53,209 shares of the oil and gas company’s stock valued at $6,328,000 after buying an additional 6,304 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $104.29 on Monday. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34. The stock’s 50 day moving average price is $105.42 and its 200-day moving average price is $109.02. The company has a market capitalization of $449.45 billion, a PE ratio of 13.30, a PEG ratio of 3.02 and a beta of 0.49. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the business earned $2.06 earnings per share. Exxon Mobil’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be paid a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.80%. Exxon Mobil’s payout ratio is 52.52%.

Analysts Set New Price Targets

A number of analysts recently commented on XOM shares. Piper Sandler lowered Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Royal Bank of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley decreased their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. UBS Group decreased their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Mizuho decreased their price objective on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.50.

Exxon Mobil Profile

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.