ExxonMobil Corporation $XOM Shares Purchased by Procyon Advisors LLC

Procyon Advisors LLC boosted its position in shares of ExxonMobil Corporation (NYSE:XOM) by 20.1% in the first quarter, HoldingsChannel.com reports. The fund owned 60,352 shares of the oil and gas company’s stock after purchasing an additional 10,113 shares during the period. Procyon Advisors LLC’s holdings in ExxonMobil were worth $10,239,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Capital Investment Advisors LLC raised its holdings in ExxonMobil by 6.6% in the fourth quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock valued at $27,857,000 after acquiring an additional 14,233 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in ExxonMobil by 2.3% during the 4th quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock worth $126,166,000 after acquiring an additional 23,668 shares in the last quarter. Clear Trail Advisors LLC acquired a new position in ExxonMobil during the 4th quarter worth approximately $28,728,000. CIBC Bancorp USA Inc. purchased a new stake in shares of ExxonMobil in the 3rd quarter valued at approximately $67,907,000. Finally, King Luther Capital Management Corp increased its position in shares of ExxonMobil by 2.4% in the 4th quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company’s stock valued at $200,366,000 after purchasing an additional 38,492 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

ExxonMobil Stock Up 0.9%

Shares of NYSE:XOM opened at $145.79 on Friday. The firm has a 50 day simple moving average of $145.72 and a 200-day simple moving average of $146.30. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $604.31 billion, a PE ratio of 24.59, a P/E/G ratio of 0.59 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same period last year, the firm posted $1.76 EPS. The company’s revenue was up 2.4% on a year-over-year basis. On average, equities analysts predict that ExxonMobil Corporation will post 11.43 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of analyst reports. Jefferies Financial Group raised their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Mizuho dropped their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Weiss Ratings cut ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Piper Sandler decreased their price target on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Finally, Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.45.

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.