Clark Capital Management Group Inc. Has $113.61 Million Stock Position in ExxonMobil Corporation $XOM

Key Points

• Clark Capital Management Group cut its ExxonMobil stake by 14.8% in the fourth quarter, selling 163,566 shares and ending with 944,066 shares worth about $113.6 million.
• ExxonMobil beat earnings expectations in its latest quarter, reporting $1.16 EPS on $83.16 billion in revenue, both above analyst estimates.
• Analysts remain broadly constructive: Bank of America upgraded the stock to buy, and the consensus rating is Moderate Buy with an average price target of $165.70.

Clark Capital Management Group Inc. lowered its position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 944,066 shares of the oil and gas company's stock after selling 163,566 shares during the quarter. Clark Capital Management Group Inc.'s holdings in ExxonMobil were worth $113,609,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Berbice Capital Management LLC acquired a new stake in shares of ExxonMobil in the 4th quarter valued at approximately $26,000. Midwest Capital Advisors LLC acquired a new stake in shares of ExxonMobil in the 4th quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of ExxonMobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock valued at $27,000 after buying an additional 187 shares during the last quarter. Key Capital Management INC acquired a new stake in shares of ExxonMobil in the 4th quarter valued at approximately $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in shares of ExxonMobil in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Bank of America upgraded ExxonMobil from neutral to buy and set a $154 price target, saying the shares look undervalued after the recent pullback. Benzinga
• Positive Sentiment: Exxon filed for a 35-well exploration campaign in Guyana’s Stabroek block, reinforcing growth potential in one of its most important long-term assets. Article Title
• Neutral Sentiment: Analysts and media reports continue to highlight Exxon as a possible acquisition player, including speculation around Woodside Energy, but nothing has been confirmed. Article Title
• Neutral Sentiment: Broader energy stocks are weaker pre-market, which adds sector-wide pressure on XOM even as the stock draws positive analyst commentary. Article Title
• Negative Sentiment: Lower crude prices are the main headwind, since a sustained move below $80 could reduce ExxonMobil’s earnings power and slow investor enthusiasm for its upstream growth story. Article Title

ExxonMobil Stock Performance

NYSE XOM opened at $141.64 on Wednesday. The firm has a 50-day moving average of $151.31 and a 200-day moving average of $142.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The stock has a market cap of $587.08 billion, a PE ratio of 23.88, a P/E/G ratio of 0.60 and a beta of 0.16. ExxonMobil Corporation has a 52-week low of $105.53 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.18. The company had revenue of $83.16 billion during the quarter, compared to analysts' expectations of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. ExxonMobil's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.76 EPS. On average, sell-side analysts anticipate that ExxonMobil Corporation will post 11.8 EPS for the current year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, May 15th. ExxonMobil's dividend payout ratio (DPR) is currently 69.48%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Jefferies Financial Group increased their price objective on ExxonMobil from $178.00 to $184.00 and gave the company a "buy" rating in a report on Thursday, April 9th. Weiss Ratings downgraded ExxonMobil from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, May 21st. Citigroup increased their price objective on ExxonMobil from $150.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, April 2nd. Wolfe Research downgraded ExxonMobil from an "outperform" rating to a "peer perform" rating in a report on Tuesday, April 21st. Finally, Bank of America raised ExxonMobil from a "neutral" rating to a "buy" rating and set a $154.00 price objective for the company in a report on Tuesday. Eleven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, ExxonMobil currently has an average rating of "Moderate Buy" and a consensus price target of $165.70.

ExxonMobil Profile

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.

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