Secured Retirement Advisors LLC Buys New Stake in Exxon Mobil Corporation $XOM

Secured Retirement Advisors LLC bought a new position in Exxon Mobil Corporation (NYSE:XOM) in the 3rd quarter, Holdings Channel.com reports. The firm bought 17,850 shares of the oil and gas company’s stock, valued at approximately $2,013,000. Exxon Mobil makes up 1.1% of Secured Retirement Advisors LLC’s portfolio, making the stock its 25th biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC grew its stake in shares of Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 300 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new position in Exxon Mobil in the second quarter valued at about $38,000. Bare Financial Services Inc grew its stake in Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 201 shares in the last quarter. 1248 Management LLC purchased a new stake in Exxon Mobil during the 1st quarter worth approximately $40,000. Finally, Investment Research & Advisory Group Inc. acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.1%

Exxon Mobil stock opened at $119.09 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $120.81. The firm’s 50-day moving average is $116.65 and its 200-day moving average is $113.23. The company has a market cap of $502.20 billion, a P/E ratio of 17.31, a PEG ratio of 7.49 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The firm had revenue of $57.55 billion for the quarter. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a $1.03 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares in the company, valued at $3,349,758.96. This represents a 9.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

XOM has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Exxon Mobil in a research report on Monday, December 15th. Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday, December 11th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Barclays cut their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Finally, UBS Group reiterated a “buy” rating on shares of Exxon Mobil in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.45.

Exxon Mobil Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.