Donaldson Capital Management LLC Buys 11,904 Shares of Exxon Mobil Co. (NYSE:XOM)

Donaldson Capital Management LLC lifted its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 632,384 shares of the oil and gas company's stock after purchasing an additional 11,904 shares during the quarter. Exxon Mobil comprises about 2.8% of Donaldson Capital Management LLC's holdings, making the stock its 10th biggest holding. Donaldson Capital Management LLC's holdings in Exxon Mobil were worth $75,209,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of XOM. Norges Bank purchased a new position in Exxon Mobil during the fourth quarter worth about $6,936,737,000. GAMMA Investing LLC boosted its stake in Exxon Mobil by 14,242.7% during the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after buying an additional 9,391,614 shares during the period. Bank of New York Mellon Corp boosted its stake in Exxon Mobil by 14.4% during the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after buying an additional 5,538,694 shares during the period. Franklin Resources Inc. boosted its stake in Exxon Mobil by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after buying an additional 4,140,046 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Exxon Mobil by 7.0% during the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after purchasing an additional 2,998,892 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Exxon Mobil stock traded up $0.40 during midday trading on Thursday, reaching $109.71. The company's stock had a trading volume of 17,447,260 shares, compared to its average volume of 15,625,472. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two 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 stock's 50 day simple moving average is $105.28 and its 200 day simple moving average is $108.82. The firm has a market capitalization of $472.81 billion, a PE ratio of 13.99, a P/E/G ratio of 3.02 and a beta of 0.49.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business's revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.06 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.61%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. UBS Group reduced their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Mizuho reduced their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Company 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.