Procyon Advisors LLC Buys 7,833 Shares of Exxon Mobil Co. (NYSE:XOM)

Procyon Advisors LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,194 shares of the oil and gas company’s stock after buying an additional 7,833 shares during the period. Procyon Advisors LLC’s holdings in Exxon Mobil were worth $9,810,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of XOM. Vertex Planning Partners LLC grew its position in shares of Exxon Mobil by 3.1% in the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock valued at $326,000 after purchasing an additional 83 shares during the last quarter. Etfidea LLC raised its holdings in Exxon Mobil by 3.3% in the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock valued at $307,000 after acquiring an additional 85 shares during the last quarter. First Heartland Consultants Inc. lifted its stake in shares of Exxon Mobil by 0.9% during the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock worth $1,108,000 after purchasing an additional 87 shares during the period. Latitude Advisors LLC grew its position in shares of Exxon Mobil by 0.7% in the third quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock valued at $1,568,000 after purchasing an additional 88 shares during the period. Finally, Longfellow Investment Management Co. LLC increased its stake in Exxon Mobil by 0.6% in the third quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock valued at $1,704,000 after purchasing an additional 88 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $112.37 on Friday. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company has a market capitalization of $493.89 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. The firm’s fifty day moving average price is $112.56 and its 200 day moving average price is $115.50.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analyst estimates 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 earned $2.27 earnings per share. On average, research analysts forecast that Exxon Mobil Co. will post 7.86 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is 49.32%.

Analysts Set New Price Targets

Several research firms recently issued reports on XOM. Barclays decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. UBS Group decreased their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, Bank of America assumed coverage on Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil 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.