Exxon Mobil Corporation $XOM Shares Sold by Banco Santander S.A.

Banco Santander S.A. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 11.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 509,150 shares of the oil and gas company’s stock after selling 68,617 shares during the quarter. Banco Santander S.A.’s holdings in Exxon Mobil were worth $57,407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Exxon Mobil by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock valued at $46,468,147,000 after purchasing an additional 1,111,231 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Exxon Mobil by 0.4% during the second quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock valued at $10,345,132,000 after buying an additional 342,967 shares during the last quarter. Norges Bank purchased a new stake in shares of Exxon Mobil during the second quarter valued at $6,163,719,000. Bank of New York Mellon Corp increased its position in shares of Exxon Mobil by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock valued at $5,023,298,000 after acquiring an additional 1,274,860 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Exxon Mobil by 3.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 33,500,304 shares of the oil and gas company’s stock worth $3,611,553,000 after acquiring an additional 1,126,912 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.4%

Shares of XOM stock opened at $148.47 on Friday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $156.93. The company has a market cap of $618.64 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 15.46 and a beta of 0.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The stock has a 50 day simple moving average of $134.92 and a 200-day simple moving average of $121.24.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. The company had revenue of $80.04 billion during the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 EPS. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio is 61.58%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the transaction, the vice president directly owned 23,584 shares of the company’s stock, valued at approximately $3,295,864. This trade represents a 17.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 14,230 shares of company stock valued at $1,888,421. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Citigroup boosted their price target on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. UBS Group reiterated a “buy” rating and issued a $171.00 target price on shares of Exxon Mobil in a research report on Monday, February 2nd. Mizuho set a $140.00 price target on shares of Exxon Mobil in a report on Wednesday, February 4th. TD Cowen raised their price target on shares of Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, Loop Capital set a $123.00 price objective on shares of Exxon Mobil in a report on Tuesday, February 3rd. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $140.59.

Get Our Latest Analysis on XOM

Exxon Mobil News Summary

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Company Profile

(Free Report)

Exxon Mobil 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.

Further Reading

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOMFree Report).

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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