Rockefeller Capital Management L.P. Purchases 43,460 Shares of ExxonMobil Corporation $XOM

Rockefeller Capital Management L.P. raised its position in shares of ExxonMobil Corporation (NYSE:XOM) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,923,940 shares of the oil and gas company’s stock after purchasing an additional 43,460 shares during the period. Rockefeller Capital Management L.P.’s holdings in ExxonMobil were worth $231,527,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of XOM. Eagle Capital Management LLC grew its stake in shares of ExxonMobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares during the last quarter. Caxton Associates LLP purchased a new position in ExxonMobil during the first quarter valued at $305,000. Sivia Capital Partners LLC boosted its holdings in ExxonMobil by 1.9% in the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after acquiring an additional 207 shares in the last quarter. United Bank grew its stake in shares of ExxonMobil by 2.8% in the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after acquiring an additional 600 shares during the last quarter. Finally, Schnieders Capital Management LLC. increased its holdings in shares of ExxonMobil by 17.4% during the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock valued at $3,957,000 after acquiring an additional 5,443 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s production has reached its highest level in more than 40 years, supported by aggressive output growth in Guyana, Texas, and Papua New Guinea. Higher volumes at lower costs should support cash flow and investor confidence. Article: Darren Woods’ Game Plan at Exxon Mobil: Produce More Oil for Less Money
• Positive Sentiment: ExxonMobil is expanding its long-term growth pipeline in Guyana’s Stabroek Block, with plans to drill up to 35 new exploration and appraisal wells from 2028 through 2033. This could extend reserve growth and future production. Article: ExxonMobil Advances New Exploration Push in Guyana’s Stabroek Block
• Neutral Sentiment: ExxonMobil reportedly struck a deal with ZET for South Africa’s first LNG terminal, highlighting continued international LNG expansion efforts. This is strategically constructive, but the near-term stock impact is unclear. Article: ExxonMobil and ZET strike deal for South Africa’s first LNG terminal
• Neutral Sentiment: Commentary suggesting ExxonMobil could pursue another megamerger or LNG acquisition may support long-term strategic speculation, but it is not a confirmed catalyst. Article: ExxonMobil Has Its Sights on Its Next Megamerger. Here’s the Oil Stock It Should Buy.
• Negative Sentiment: ExxonMobil shares fell alongside other oil stocks after the U.S. and Iran reached an interim agreement that could reopen the Strait of Hormuz and lift sanctions on Tehran’s oil. The deal pressures crude prices, which can reduce upstream earnings for XOM. Article: ExxonMobil and Occidental Petroleum Stocks Trade Down, What You Need To Know
• Negative Sentiment: Recent market commentary notes ExxonMobil has been under sustained selling pressure over the past days and weeks, reflecting weaker oil prices and a softer sector backdrop. Article: Exxon Mobil (XOM) Stock Could Be 18.9% Undervalued Despite Recent Pullback

Analysts Set New Price Targets

Several equities analysts have recently issued reports on XOM shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $180.00 price target on shares of ExxonMobil in a research report on Tuesday, May 5th. Wells Fargo & Company lifted their target price on shares of ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Scotiabank upped their target price on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Bank of America raised shares of ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price target for the company in a research report on Tuesday, June 16th. Finally, UBS Group boosted their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, ExxonMobil presently has a consensus rating of “Moderate Buy” and an average price target of $165.70.

ExxonMobil Price Performance

Shares of NYSE:XOM opened at $137.84 on Monday. 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 firm has a market cap of $571.36 billion, a price-to-earnings ratio of 23.25, a price-to-earnings-growth ratio of 0.58 and a beta of 0.16. The business has a 50-day simple moving average of $149.98 and a two-hundred day simple moving average of $143.41. ExxonMobil Corporation has a fifty-two week low of $105.53 and a fifty-two week high of $176.41.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter last year, the firm posted $1.76 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, analysts expect that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a $1.03 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 3.0%. ExxonMobil’s dividend payout ratio (DPR) is currently 69.48%.

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.