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

Procyon Advisors LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,194 shares of the oil and gas company's stock after purchasing 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 SEC filing.

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

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded up $1.05 during midday trading on Friday, hitting $112.37. The stock had a trading volume of 19,228,798 shares, compared to its average volume of 13,346,318. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average price of $112.56 and a two-hundred day moving average price of $115.51. The company has a market capitalization of $493.89 billion, a PE ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analysts' expectations of $93.98 billion. During the same quarter in the previous year, the firm posted $2.27 EPS. The firm's quarterly revenue was down .8% on a year-over-year basis. As a group, equities analysts predict that Exxon Mobil Co. will post 7.86 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared 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. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.52%. Exxon Mobil's dividend payout ratio is 49.32%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Barclays cut their price target on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. Wolfe Research raised their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. BMO Capital Markets upped their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a report on Friday, October 4th. Redburn Atlantic reiterated a "neutral" rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Finally, UBS Group dropped their price objective 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 issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.