Rockefeller Capital Management L.P. Has $180.40 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Rockefeller Capital Management L.P. cut its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,538,985 shares of the oil and gas company's stock after selling 71,184 shares during the period. Rockefeller Capital Management L.P.'s holdings in Exxon Mobil were worth $180,397,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the second quarter valued at $35,000. Anfield Capital Management LLC lifted its position in shares of Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock worth $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new position in Exxon Mobil in the second quarter worth about $39,000. POM Investment Strategies LLC increased its holdings in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock valued at $43,000 after buying an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC acquired a new stake in Exxon Mobil during the second quarter valued at approximately $46,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.3 %

Shares of Exxon Mobil stock traded up $0.30 on Friday, reaching $117.96. 9,421,575 shares of the company were exchanged, compared to its average volume of 16,249,309. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The firm has a market capitalization of $518.45 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 4.94 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average price of $119.70 and a 200-day moving average price of $116.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business's quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.27 earnings per share. On average, analysts expect that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.36%. Exxon Mobil's dividend payout ratio (DPR) is currently 49.32%.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. Wolfe Research boosted their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. Truist Financial reduced their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a research report on Monday, September 30th. Morgan Stanley lowered their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, Mizuho raised their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $129.95.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.