Donaldson Capital Management LLC Buys 8,348 Shares of Exxon Mobil Co. (NYSE:XOM)

Donaldson Capital Management LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 620,480 shares of the oil and gas company’s stock after acquiring an additional 8,348 shares during the quarter. Exxon Mobil makes up 2.5% of Donaldson Capital Management LLC’s portfolio, making the stock its 12th largest holding. Donaldson Capital Management LLC’s holdings in Exxon Mobil were worth $66,745,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil in the fourth quarter worth about $46,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil in the fourth quarter worth about $47,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the third quarter worth about $51,000. Finally, Synergy Investment Management LLC acquired a new stake in Exxon Mobil in the fourth quarter worth about $47,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 2.6 %

XOM stock opened at $111.85 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $485.33 billion, a PE ratio of 14.27, a PEG ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The business’s 50 day simple moving average is $109.17 and its 200 day simple moving average is $113.85.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 EPS. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is presently 50.51%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’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 of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. UBS Group decreased their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. The Goldman Sachs Group decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Scotiabank decreased their price objective on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Finally, Mizuho cut their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.