Procyon Advisors LLC Buys 23,160 Shares of Exxon Mobil Co. (NYSE:XOM)

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

Several other large investors have also recently bought and sold shares of XOM. Next Level Private LLC grew its holdings in shares of Exxon Mobil by 0.4% in the 4th quarter. Next Level Private LLC now owns 43,923 shares of the oil and gas company’s stock valued at $4,391,000 after buying an additional 167 shares during the period. Planned Solutions Inc. acquired a new position in Exxon Mobil in the fourth quarter valued at about $223,000. IFG Advisory LLC increased its holdings in shares of Exxon Mobil by 1.2% in the fourth quarter. IFG Advisory LLC now owns 48,119 shares of the oil and gas company’s stock worth $4,811,000 after acquiring an additional 555 shares in the last quarter. S.A. Mason LLC raised its position in shares of Exxon Mobil by 10.5% during the fourth quarter. S.A. Mason LLC now owns 6,539 shares of the oil and gas company’s stock worth $654,000 after purchasing an additional 621 shares during the period. Finally, Highland Capital Management LLC lifted its holdings in shares of Exxon Mobil by 0.3% during the 4th quarter. Highland Capital Management LLC now owns 158,749 shares of the oil and gas company’s stock valued at $15,872,000 after purchasing an additional 520 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM traded up $0.42 during mid-day trading on Thursday, hitting $115.39. The stock had a trading volume of 2,250,361 shares, compared to its average volume of 18,210,490. The company’s 50 day simple moving average is $104.98 and its 200 day simple moving average is $105.89. The stock has a market cap of $457.85 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 4.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $120.70.

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

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is presently 42.74%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on XOM. TD Cowen upgraded 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 report on Tuesday, January 23rd. Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Mizuho increased their price objective on Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Piper Sandler cut their target price on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Finally, Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.18.

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.