Exxon Mobil Co. (NYSE:XOM) Shares Bought by Donaldson Capital Management LLC

Donaldson Capital Management LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 31.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 596,507 shares of the oil and gas company’s stock after acquiring an additional 144,175 shares during the quarter. Exxon Mobil makes up about 2.7% of Donaldson Capital Management LLC’s investment portfolio, making the stock its 9th biggest position. Donaldson Capital Management LLC’s holdings in Exxon Mobil were worth $59,639,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. KB Financial Partners LLC bought a new position in shares of Exxon Mobil in the 1st quarter worth about $27,000. IMA Wealth Inc. raised its stake in Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 324 shares during the period. FWL Investment Management LLC bought a new position in Exxon Mobil in the fourth quarter worth about $43,000. Studio Investment Management LLC acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $49,000. Finally, Turim 21 Investimentos Ltda. grew its holdings in shares of Exxon Mobil by 222.5% during the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 396 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $118.63 on Thursday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm has a market cap of $469.57 billion, a P/E ratio of 13.34, a PEG ratio of 4.08 and a beta of 0.96. The stock has a fifty day moving average price of $110.89 and a two-hundred day moving average price of $106.22. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter last year, the business posted $3.40 earnings per share. The company’s quarterly revenue was down 11.6% on a year-over-year basis. Research analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.20%. Exxon Mobil’s payout ratio is currently 42.74%.

Analyst Ratings Changes

XOM has been the topic of several recent research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. UBS Group raised their target price on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Scotiabank lifted their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, Piper Sandler decreased their target price on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $131.44.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.06% of the company’s stock.

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.