Procyon Advisors LLC Has $11.69 Million Position in Exxon Mobil Co. (NYSE:XOM)

Procyon Advisors LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 8.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,183 shares of the oil and gas company's stock after purchasing an additional 7,989 shares during the period. Procyon Advisors LLC's holdings in Exxon Mobil were worth $11,690,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Tallon Kerry Patrick acquired a new stake in Exxon Mobil during the 4th quarter worth about $789,000. Union Bancaire Privee UBP SA purchased a new position in shares of Exxon Mobil in the fourth quarter worth approximately $48,348,000. Round Rock Advisors LLC increased its position in shares of Exxon Mobil by 96.1% in the fourth quarter. Round Rock Advisors LLC now owns 31,564 shares of the oil and gas company's stock worth $3,395,000 after acquiring an additional 15,465 shares in the last quarter. Riggs Asset Managment Co. Inc. raised its holdings in shares of Exxon Mobil by 65.4% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 2,201 shares of the oil and gas company's stock valued at $233,000 after acquiring an additional 870 shares during the period. Finally, McAdam LLC lifted its position in shares of Exxon Mobil by 27.6% in the 4th quarter. McAdam LLC now owns 17,625 shares of the oil and gas company's stock valued at $1,896,000 after acquiring an additional 3,809 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Mizuho decreased their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. UBS Group reduced their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Scotiabank lowered their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Royal Bank of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $125.50.

Exxon Mobil Stock Up 2.4%

NYSE XOM traded up $2.46 during trading on Friday, reaching $104.29. The company's stock had a trading volume of 15,465,774 shares, compared to its average volume of 15,544,516. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $105.71 and a 200-day moving average price of $109.29. The stock has a market capitalization of $449.45 billion, a PE ratio of 13.30, a PEG ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.06 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. Exxon Mobil's dividend payout ratio is 52.52%.

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.