Paragon Capital Management LLC Increases Holdings in Exxon Mobil Co. (NYSE:XOM)

Paragon Capital Management LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,564 shares of the oil and gas company’s stock after acquiring an additional 214 shares during the period. Paragon Capital Management LLC’s holdings in Exxon Mobil were worth $1,004,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in Exxon Mobil in the 1st quarter worth $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the second quarter worth about $35,000. Anfield Capital Management LLC increased its holdings in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at about $39,000. Finally, POM Investment Strategies LLC boosted its holdings in 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 valued at $43,000 after acquiring an additional 340 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the subject of several recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, November 4th. BMO Capital Markets increased their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Sanford C. Bernstein decreased their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, Wells Fargo & Company boosted their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Price Performance

XOM stock opened at $120.47 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a market capitalization of $529.48 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 5.08 and a beta of 0.90. The firm has a 50 day moving average price of $117.91 and a 200-day moving average price of $116.33. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.29%. Exxon Mobil’s payout ratio is 47.32%.

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.