Clark Capital Management Group Inc. Sells 163,566 Shares of ExxonMobil Corporation $XOM

Clark Capital Management Group Inc. decreased its position in shares of ExxonMobil Corporation (NYSE:XOM) by 14.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 944,066 shares of the oil and gas company’s stock after selling 163,566 shares during the period. Clark Capital Management Group Inc.’s holdings in ExxonMobil were worth $113,609,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. bought a new position in ExxonMobil during the 4th quarter worth $202,000. Seneca House Advisors increased its position in ExxonMobil by 12.7% during the 4th quarter. Seneca House Advisors now owns 3,294 shares of the oil and gas company’s stock worth $396,000 after buying an additional 372 shares during the period. Captrust Financial Advisors increased its position in ExxonMobil by 2.0% during the 4th quarter. Captrust Financial Advisors now owns 1,632,385 shares of the oil and gas company’s stock worth $196,441,000 after buying an additional 32,147 shares during the period. &PARTNERS increased its position in shares of ExxonMobil by 35.3% in the fourth quarter. &PARTNERS now owns 718,874 shares of the oil and gas company’s stock worth $86,518,000 after purchasing an additional 187,379 shares during the period. Finally, Siemens Fonds Invest GmbH increased its position in shares of ExxonMobil by 1.6% in the fourth quarter. Siemens Fonds Invest GmbH now owns 61,062 shares of the oil and gas company’s stock worth $7,388,000 after purchasing an additional 961 shares during the period. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Up 0.5%

Shares of NYSE XOM opened at $141.64 on Wednesday. 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 cap of $587.08 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 0.60 and a beta of 0.16. ExxonMobil Corporation has a 12 month low of $105.53 and a 12 month high of $176.41. The stock has a 50-day moving average price of $151.31 and a two-hundred day moving average price of $142.92.

ExxonMobil (NYSE:XOM) last issued its earnings results 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 firm had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.76 earnings per share. As a group, analysts forecast that ExxonMobil Corporation will post 11.8 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid 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 yield of 2.9%. ExxonMobil’s payout ratio is presently 69.48%.

Analyst Ratings Changes

A number of research analysts recently commented on XOM shares. Morgan Stanley decreased their price target on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Royal Bank Of Canada restated a “sector perform” rating and issued a $180.00 price target on shares of ExxonMobil in a research report on Tuesday, May 5th. HSBC raised their price target on ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a research report on Friday, March 20th. Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Finally, UBS Group raised their price target on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.70.

Key Stories Impacting 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

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.