Clark Capital Management Group Inc. Cuts Stake in Exxon Mobil Co. (NYSE:XOM)

Clark Capital Management Group Inc. decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,076,105 shares of the oil and gas company's stock after selling 18,009 shares during the period. Exxon Mobil accounts for 0.8% of Clark Capital Management Group Inc.'s portfolio, making the stock its 26th largest position. Clark Capital Management Group Inc.'s holdings in Exxon Mobil were worth $115,757,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of XOM. Coastal Bridge Advisors LLC grew its position in Exxon Mobil by 1.1% during the fourth quarter. Coastal Bridge Advisors LLC now owns 106,532 shares of the oil and gas company's stock valued at $11,460,000 after acquiring an additional 1,137 shares during the period. Deutsche Bank AG raised its holdings in Exxon Mobil by 10.1% in the fourth quarter. Deutsche Bank AG now owns 11,612,582 shares of the oil and gas company's stock valued at $1,249,165,000 after buying an additional 1,066,374 shares during the period. Collar Capital Management LLC acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $1,193,000. Colonial Trust Co SC grew its stake in Exxon Mobil by 1.1% during the fourth quarter. Colonial Trust Co SC now owns 41,937 shares of the oil and gas company's stock worth $4,511,000 after buying an additional 439 shares during the period. Finally, Concorde Financial Corp increased its position in shares of Exxon Mobil by 0.6% in the fourth quarter. Concorde Financial Corp now owns 58,303 shares of the oil and gas company's stock worth $6,272,000 after acquiring an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on XOM shares. Morgan Stanley decreased their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Scotiabank reduced their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company lowered their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Finally, Bernstein Bank upped their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.85.

Exxon Mobil Stock Down 0.1 %

XOM stock opened at $104.57 on Thursday. The firm's 50-day moving average is $109.00 and its two-hundred day moving average is $111.40. The company has a market capitalization of $452.30 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

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

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's 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.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.