Donaldson Capital Management LLC Has $75.21 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Donaldson Capital Management LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.9% in the first quarter, HoldingsChannel.com reports. The firm owned 632,384 shares of the oil and gas company’s stock after buying an additional 11,904 shares during the period. Exxon Mobil comprises about 2.8% of Donaldson Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Donaldson Capital Management LLC’s holdings in Exxon Mobil were worth $75,209,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. 10Elms LLP bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at $32,000. Keystone Financial Group Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter worth $36,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on XOM. Scotiabank cut their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Morgan Stanley dropped their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Piper Sandler lowered shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Barclays restated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.

Exxon Mobil Trading Up 2.1%

Shares of NYSE:XOM opened at $107.21 on Wednesday. Exxon Mobil Co. has a 52-week low of $97.80 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. The company has a market cap of $462.04 billion, a P/E ratio of 13.67, a P/E/G ratio of 3.02 and a beta of 0.49. The stock’s 50-day moving average is $105.04 and its 200-day moving average is $108.89.

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

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.69%. Exxon Mobil’s dividend payout ratio is 52.52%.

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.