Billionaire Rob Citrone’s Top 10 Stock Picks

5. Exxon Mobil Corporation (NYSE:XOM)

Rob Citrone’s Latest Stake Value: $66,413,718

Number of Hedge Funds Holding Stakes: 104

Exxon Mobil Corporation (NYSE:XOM) is a multinational energy company that produces and sells natural gas, oil, and chemicals. Some of the leading products are crude oil, gasoline, diesel, lubricants, and petrochemicals. It serves consumers, businesses, and governments worldwide.

On April 2, Exxon Mobil Corporation (NYSE:XOM) unveiled the company’s new President after the long-serving Karen McKee retired. This transition will be formalized on May 1, 2025. Matt Crocker will be the new President of ExxonMobil Product Solutions Company and Vice President of the conglomerate.

In 2024, Exxon Mobil Corporation (NYSE:XOM) reported $33.7 billion in earnings, generated $55 billion in cash, and returned $36 billion to shareholders through dividends and buybacks, leading the industry in shareholder returns. It raised its dividend for the 42nd consecutive year and ended the year with $23.2 billion in cash and low debt. Exxon revamped its portfolio by selling $15 billion in assets and focusing on the Permian Basin, Guyana, and LNG, with plans to grow production from 4.3 million to 5.4 million BOED by 2030. The Pioneer acquisition strengthened its Permian position, and LNG capacity is set to double through projects in the U.S., Papua New Guinea, and Mozambique.

On April 15, Morgan Stanley adjusted its outlook, reducing Exxon Mobil Corporation’s (NYSE:XOM) price target to $133 from $138, though maintaining an Overweight rating. This adjustment is supported by declining oil prices, which impact 2025-26 cash flow projections, and push them below market consensus.