Procyon Advisors LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Procyon Advisors LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 123.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,952 shares of the oil and gas company’s stock after acquiring an additional 23,160 shares during the period. Procyon Advisors LLC’s holdings in Exxon Mobil were worth $4,194,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in XOM. Next Level Private LLC raised its stake in shares of Exxon Mobil by 0.4% in the fourth quarter. Next Level Private LLC now owns 43,923 shares of the oil and gas company’s stock worth $4,391,000 after purchasing an additional 167 shares during the last quarter. Planned Solutions Inc. bought a new stake in Exxon Mobil in the 4th quarter worth about $223,000. IFG Advisory LLC lifted its stake in Exxon Mobil by 1.2% during the 4th quarter. IFG Advisory LLC now owns 48,119 shares of the oil and gas company’s stock valued at $4,811,000 after acquiring an additional 555 shares during the period. S.A. Mason LLC boosted its holdings in shares of Exxon Mobil by 10.5% during the 4th quarter. S.A. Mason LLC now owns 6,539 shares of the oil and gas company’s stock valued at $654,000 after acquiring an additional 621 shares during the last quarter. Finally, Highland Capital Management LLC grew its stake in shares of Exxon Mobil by 0.3% in the fourth quarter. Highland Capital Management LLC now owns 158,749 shares of the oil and gas company’s stock worth $15,872,000 after acquiring an additional 520 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM stock traded up $0.42 during trading on Thursday, reaching $115.39. The company’s stock had a trading volume of 2,250,361 shares, compared to its average volume of 18,210,490. The company’s fifty day moving average is $104.98 and its 200-day moving average is $105.89. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $120.70. The company has a market capitalization of $457.85 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 4.17 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the previous year, the company earned $3.40 EPS. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.29%. Exxon Mobil’s dividend payout ratio (DPR) is currently 42.74%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on XOM shares. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and raised their target price for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. TD Cowen raised shares of Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, December 8th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $128.18.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is owned by insiders.

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.