ExxonMobil Corporation $XOM Shares Acquired by King Luther Capital Management Corp

Key Points

• King Luther Capital Management increased its ExxonMobil stake by 2.4% in the fourth quarter, buying 38,492 additional shares and bringing its position to 1,664,995 shares valued at about $200.4 million.
• ExxonMobil reported stronger-than-expected quarterly results, with EPS of $1.16 versus the $0.98 consensus and revenue of $83.16 billion, while analysts still expect full-year EPS of 11.49.
• The company declared a quarterly dividend of $1.03 per share, implying an annualized yield of 2.7%, even as the stock fell 3.1% and traded around $150.18 amid broader energy-sector weakness.

King Luther Capital Management Corp lifted its position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,664,995 shares of the oil and gas company's stock after buying an additional 38,492 shares during the period. ExxonMobil accounts for approximately 0.8% of King Luther Capital Management Corp's portfolio, making the stock its 29th largest holding. King Luther Capital Management Corp's holdings in ExxonMobil were worth $200,366,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of XOM. Northern Trust Corp lifted its stake in shares of ExxonMobil by 1.0% during the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company's stock worth $4,963,934,000 after purchasing an additional 445,283 shares during the period. Franklin Resources Inc. grew its position in shares of ExxonMobil by 7.4% in the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company's stock valued at $4,366,655,000 after purchasing an additional 2,660,910 shares during the period. Capital Research Global Investors grew its position in shares of ExxonMobil by 0.4% in the third quarter. Capital Research Global Investors now owns 33,620,927 shares of the oil and gas company's stock valued at $3,790,773,000 after purchasing an additional 127,466 shares during the period. Fisher Asset Management LLC increased its stake in ExxonMobil by 1.0% in the fourth quarter. Fisher Asset Management LLC now owns 31,497,852 shares of the oil and gas company's stock valued at $3,790,452,000 after purchasing an additional 303,359 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in ExxonMobil by 4.5% during the third quarter. Legal & General Group Plc now owns 20,396,334 shares of the oil and gas company's stock worth $2,299,687,000 after buying an additional 886,087 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

ExxonMobil Trading Down 3.1%

NYSE XOM opened at $150.18 on Wednesday. The firm has a market capitalization of $622.49 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 0.68 and a beta of 0.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. ExxonMobil Corporation has a one year low of $101.18 and a one year high of $176.41. The company's 50 day moving average price is $155.70 and its 200 day moving average price is $139.67.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same period in the previous year, the firm earned $1.76 earnings per share. ExxonMobil's revenue for the quarter was up 2.4% on a year-over-year basis. On average, sell-side analysts predict that ExxonMobil Corporation will post 11.49 EPS for the current year.

ExxonMobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil's dividend payout ratio is 69.48%.

Insider Transactions at ExxonMobil

In related news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the sale, the vice president directly owned 17,124 shares in the company, valued at approximately $2,662,782. This represents a 5.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.03% of the company's stock.

Analyst Ratings Changes

XOM has been the topic of a number of research analyst reports. Sanford C. Bernstein decreased their price target on ExxonMobil from $195.00 to $182.00 and set an "outperform" rating on the stock in a research note on Monday, May 11th. Citigroup upped their price objective on shares of ExxonMobil from $150.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, April 2nd. Morgan Stanley cut their price objective on shares of ExxonMobil from $172.00 to $171.00 and set an "overweight" rating on the stock in a report on Friday, April 17th. BMO Capital Markets reissued a "market perform" rating and issued a $155.00 target price on shares of ExxonMobil in a research report on Wednesday, February 4th. Finally, Scotiabank boosted their target price on shares of ExxonMobil from $128.00 to $163.00 and gave the company a "sector outperform" rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $164.90.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is seeking environmental approval for the Haimara gas-condensate project in Guyana’s Stabroek block, a sign of continued expansion in one of its most important growth areas. ExxonMobil seeks environmental approval for new offshore project in Guyana
• Positive Sentiment: Several reports highlighted ExxonMobil as a top high-yield energy name, reinforcing investor interest in its dividend and defensive profile amid market volatility. 5 Top-Ranked High-Yielding Energy Stocks to Buy for a Stable Portfolio
• Neutral Sentiment: Occidental Petroleum is taking a 10% stake in ExxonMobil’s offshore Trinidad deepwater block, which validates the project but also signals Exxon is sharing development risk and future upside. Exclusive: Occidental takes 10% stake in Exxon deepwater block offshore Trinidad, sources say
• Neutral Sentiment: Analysts and market commentary continue to frame Exxon as an income and energy-price play, with bullish comparisons tied to higher oil prices and stable cash generation. Oil Above $90: Is ExxonMobil a Better Buy Than ConocoPhillips?
• Negative Sentiment: Energy stocks fell late in the day, and XOM was caught in the sector-wide selloff as investors reacted to softer oil prices and shifting geopolitical headlines. Sector Update: Energy Stocks Fall Late Afternoon
• Negative Sentiment: Oil prices slipped after comments from President Trump that Iran talks were “proceeding nicely,” which weighed on the broader energy complex and likely pressured ExxonMobil shares. USO, UCO, BATL, XOM Slip: Oil Dips Below $100 After Trump Says Iran Talks ‘Proceeding Nicely’

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.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExxonMobil Corporation (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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.