Riverstone Advisors LLC Reduces Position in ExxonMobil Corporation $XOM

Riverstone Advisors LLC decreased its position in ExxonMobil Corporation (NYSE:XOM) by 26.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 17,045 shares of the oil and gas company’s stock after selling 6,124 shares during the period. ExxonMobil comprises approximately 1.4% of Riverstone Advisors LLC’s portfolio, making the stock its 15th biggest holding. Riverstone Advisors LLC’s holdings in ExxonMobil were worth $2,892,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Capital Investment Advisors LLC raised its stake in ExxonMobil by 6.6% in the fourth quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock worth $27,857,000 after buying an additional 14,233 shares in the last quarter. Roberts Capital Advisors LLC bought a new stake in ExxonMobil during the 3rd quarter valued at approximately $1,240,000. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of ExxonMobil by 9.0% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 410,046 shares of the oil and gas company’s stock worth $46,233,000 after acquiring an additional 33,950 shares during the period. Sanctuary Advisors LLC raised its position in shares of ExxonMobil by 2.3% in the 4th quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock worth $126,166,000 after acquiring an additional 23,668 shares in the last quarter. Finally, Clear Trail Advisors LLC purchased a new position in shares of ExxonMobil in the 4th quarter valued at approximately $28,728,000. 61.80% of the stock is currently owned by institutional investors.

ExxonMobil Stock Up 0.3%

XOM stock opened at $136.48 on Wednesday. The business has a 50 day moving average of $148.08 and a 200 day moving average of $144.40. The firm has a market cap of $565.70 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 0.59 and a beta of 0.16. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last released 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. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same period in the previous year, the company posted $1.76 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, research analysts forecast that ExxonMobil Corporation will post 11.66 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a $1.03 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. ExxonMobil’s payout ratio is presently 69.48%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on XOM. Royal Bank Of Canada restated a “sector perform” rating and set a $180.00 price target on shares of ExxonMobil in a research report on Tuesday, May 5th. Citigroup boosted their target price on shares of ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Weiss Ratings downgraded shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. TD Cowen reiterated a “buy” rating on shares of ExxonMobil in a research note on Monday, June 15th. Finally, Mizuho lifted their price target on shares of ExxonMobil from $159.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $165.55.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil was highlighted by analysts as a strong integrated energy name, with commentary pointing to solid oil prices, a resilient business model, and attractive valuation metrics such as a low PEG ratio and reasonable P/E multiple. Article Title
• Positive Sentiment: A Seeking Alpha piece reiterated a Buy rating and $170 price target, citing strong profitability, robust cash flow, disciplined spending, and resilient first-quarter execution. Article Title
• Positive Sentiment: ExxonMobil and QatarEnergy said Cyprus gas resources are now marketable, with potential production starting by 2033, reinforcing the company’s long-term exploration upside in the eastern Mediterranean. Article Title
• Neutral Sentiment: Morgan Stanley trimmed its price target slightly to $168 from $171 but kept an Overweight rating, suggesting the research tone remains constructive despite a modest valuation reset. Article Title
• Negative Sentiment: One market note suggested Chevron may have moved faster than ExxonMobil on a major opportunity, hinting at competitive pressure in a key growth area. Article Title

ExxonMobil 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.