Kornitzer Capital Management Inc. KS Reduces Holdings in ExxonMobil Corporation $XOM

Key Points

• Kornitzer Capital Management reduced its stake in ExxonMobil by 1.6% in Q4, selling 10,961 shares and leaving it with 671,397 shares worth about $80.8 million, making XOM its 7th largest holding (~1.7% of the portfolio).
• Exxon beat Q1 estimates with $1.16 EPS (vs. $0.98 est.) and $83.16 billion in revenue, and management pointed to record Guyana output and first LNG at Golden Pass as growth drivers, though GAAP net income fell and Iran-related supply risks could pressure near-term results.
• Exxon announced a quarterly dividend of $1.03 (ex-dividend May 15, payable June 10) for a ~2.7% yield, and analysts maintain a consensus rating of "Moderate Buy" with a $161.55 average price target after several firms raised targets.

Kornitzer Capital Management Inc. KS trimmed its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 671,397 shares of the oil and gas company's stock after selling 10,961 shares during the period. ExxonMobil comprises about 1.7% of Kornitzer Capital Management Inc. KS's holdings, making the stock its 7th largest position. Kornitzer Capital Management Inc. KS's holdings in ExxonMobil were worth $80,796,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in XOM. Franklin Resources Inc. lifted its stake 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 buying an additional 2,660,910 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of ExxonMobil by 218.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company's stock valued at $155,696,000 after buying an additional 2,546,791 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of ExxonMobil by 105.4% in the third quarter. AQR Capital Management LLC now owns 2,925,026 shares of the oil and gas company's stock valued at $329,797,000 after buying an additional 1,501,235 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of ExxonMobil by 119.4% in the third quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company's stock valued at $301,310,000 after buying an additional 1,454,308 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of ExxonMobil by 4.5% in the third quarter. Legal & General Group Plc now owns 20,396,334 shares of the oil and gas company's stock valued at $2,299,687,000 after buying an additional 886,087 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on XOM shares. UBS Group reaffirmed a "buy" rating and issued a $171.00 price objective on shares of ExxonMobil in a research note on Monday, February 2nd. Scotiabank raised their price target on shares of ExxonMobil from $128.00 to $163.00 and gave the company a "sector outperform" rating in a research report on Wednesday, April 22nd. Weiss Ratings reissued a "hold (c+)" rating on shares of ExxonMobil in a research report on Friday, April 10th. Royal Bank Of Canada raised their price target on shares of ExxonMobil from $160.00 to $180.00 and gave the company a "sector perform" rating in a research report on Thursday, April 9th. Finally, Wells Fargo & Company raised their price target on shares of ExxonMobil from $183.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, ExxonMobil currently has an average rating of "Moderate Buy" and a consensus price target of $161.55.

ExxonMobil Stock Performance

Shares of XOM stock opened at $153.10 on Monday. The firm has a market cap of $636.38 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 0.69 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 52 week low of $101.18 and a 52 week high of $176.41. The firm's 50-day simple moving average is $154.98 and its two-hundred day simple moving average is $135.25.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.98 by $0.18. The business had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.76 earnings per share. As a group, equities analysts forecast that ExxonMobil Corporation will post 11.18 earnings per share for the current year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a $1.03 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. ExxonMobil's dividend payout ratio (DPR) is presently 61.58%.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Q1 adjusted results beat expectations: Exxon reported adjusted EPS and revenue above Street estimates, driven by higher upstream production and strong commodity prices — a near-term earnings tailwind. Exxon beats first-quarter earnings estimate despite hit from Iran conflict
• Positive Sentiment: Production and project wins support growth: Management highlighted record Guyana output and first LNG production at Golden Pass Train 1, confirming longer‑term volume growth that underpins future cash flow. Chevron, Exxon Earnings Show Resilience, But Oil Stocks Retreat
• Positive Sentiment: Management warns of higher oil prices: CEO Darren Woods said the Iran war hasn’t been fully priced into markets and expects further upside in oil — higher prices would boost Exxon’s margins and cash generation. Exxon Mobil CEO expects higher oil prices due to Iran war
• Neutral Sentiment: Broader market tailwinds: U.S. indices are at record highs on earnings strength, which can support cyclical names like Exxon even when company-specific news is mixed. S&P 500 Marks Fifth Weekly Gain, Reaches New Records on Earnings Strength
• Neutral Sentiment: New offshore work expands long‑cycle pipeline: Exxon awarded/subcontract activity (Angola subsea) supports long‑term upstream growth but has limited immediate EPS impact. Exxon Mobil’s Angola Subsea Deal And What It Means For Long Cycle Growth
• Negative Sentiment: Reported net income dropped sharply (unadjusted profit at a multi‑year low) as Iran‑related shipment disruptions and derivative timing effects hit GAAP results — this likely pressured the stock despite the adjusted beat. Exxon Mobil shares slip after net income falls sharply despite earnings beat
• Negative Sentiment: Geopolitical supply risk could worsen: Management warned the Strait of Hormuz disruption and possible export bans/price caps could further tighten supply and disrupt operations — downside to near‑term volumes and earnings if outages persist. Exxon, Chevron profits take hit from Iran war
• Negative Sentiment: Regulatory/legal and political friction: A lawsuit over orphaned well accounting and public pressure (including criticism for resisting calls to boost domestic output) raise governance and reputational risks that could weigh on the stock. Exxon Mobil Lawsuit Tests Orphaned Well Accounting And ESG Risk Perceptions

Insider Buying and Selling at ExxonMobil

In other news, VP Darrin L. Talley sold 3,230 shares of ExxonMobil stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the completion of the transaction, the vice president owned 20,354 shares in the company, valued at $3,036,409.72. This trade represents a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 6,460 shares of company stock valued at $989,104 in the last three months. 0.03% of the stock is owned by company insiders.

ExxonMobil Company 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.

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.