Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Procyon Advisors LLC

Procyon Advisors LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 9.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 91,194 shares of the oil and gas company’s stock after buying an additional 7,833 shares during the quarter. Procyon Advisors LLC’s holdings in Exxon Mobil were worth $9,810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in XOM. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter worth approximately $39,000. Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil during the second quarter valued at $46,000. Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil during the third quarter worth about $51,000. Highline Wealth Partners LLC bought a new stake in Exxon Mobil in the 3rd quarter valued at about $54,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Exxon Mobil during the third quarter valued at approximately $63,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $112.37 on Friday. The company has a 50-day moving average of $112.56 and a two-hundred day moving average of $115.50. The stock has a market cap of $493.89 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

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

Analyst Ratings Changes

Several brokerages have weighed in on XOM. Wells Fargo & Company lifted their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Morgan Stanley lowered their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Wolfe Research upped their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, UBS Group dropped their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

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.