Rockefeller Capital Management L.P. Has $157.62 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Rockefeller Capital Management L.P. reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,465,026 shares of the oil and gas company's stock after selling 73,959 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Exxon Mobil were worth $157,617,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $31,000. Keystone Financial Group Inc. acquired a new position in Exxon Mobil in the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the fourth quarter worth about $46,000. Compass Planning Associates Inc acquired a new stake in Exxon Mobil during the fourth quarter valued at approximately $47,000. Finally, Synergy Investment Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $47,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 0.2 %

Shares of XOM traded up $0.17 during midday trading on Monday, hitting $103.31. The stock had a trading volume of 18,018,068 shares, compared to its average volume of 15,991,337. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $446.85 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The company has a 50 day simple moving average of $110.33 and a two-hundred day simple moving average of $113.19. Exxon Mobil Co. has a twelve month low of $97.80 and a twelve month high of $126.34.

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Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the company earned $2.48 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio is currently 50.51%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays decreased their price target on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. The Goldman Sachs Group cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. Finally, Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $126.75.

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.