Valued Retirements Inc. Takes Position in Exxon Mobil Co. (NYSE:XOM)

Valued Retirements Inc. acquired a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 39,662 shares of the oil and gas company's stock, valued at approximately $4,649,000. Exxon Mobil comprises approximately 6.4% of Valued Retirements Inc.'s investment portfolio, making the stock its 3rd largest holding.

A number of other institutional investors have also added to or reduced their stakes in XOM. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC increased its position in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock valued at $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter valued at $39,000. POM Investment Strategies LLC grew its stake in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock worth $43,000 after acquiring an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the 2nd quarter worth about $46,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.4 %

Shares of XOM traded up $0.41 during mid-day trading on Tuesday, reaching $113.31. 11,916,772 shares of the stock traded hands, compared to its average volume of 16,212,003. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $119.68 and a 200 day simple moving average of $116.47. The firm has a market cap of $498.01 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 4.77 and a beta of 0.89. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the previous year, the company posted $2.27 earnings per share. The company's revenue for the quarter was down .8% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.49%. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil's dividend payout ratio is currently 49.32%.

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. UBS Group dropped their price target on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating for the company in a research report on Wednesday, September 18th. BNP Paribas lowered Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. Wells Fargo & Company increased their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. Bank of America started coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a "neutral" rating and a $124.00 target price on the stock. Finally, Morgan Stanley decreased their price objective on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $129.95.

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.