Banco Santander S.A. lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM – Free 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 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:
- Positive Sentiment: Wells Fargo raised its price target on XOM to $183 (from $156) and kept an Overweight rating, citing Exxon’s leadership in the sector — a direct catalyst supporting upside for the shares. Wells Fargo Increases Exxon Mobil (XOM) Price Forecast, Maintains Bullish View
- Positive Sentiment: Near-term oil price strength (Brent ~ $70.7, WTI higher) boosts revenue and margins for integrated majors like Exxon, supporting investor sentiment on upstream earnings. Oil Prices Rise. Why More Gains Could Come Thursday.
- Positive Sentiment: Coverage highlights Exxon’s involvement in low‑carbon projects (carbon capture/hydrogen partnerships mentioned alongside FuelCell Energy and Toyota), reinforcing its transition strategy and potential new revenue streams. This supports a constructive narrative for longer-term investors. Carbon Capture and Hydrogen Could Reshape FuelCell Energy
- Positive Sentiment: Macro flow into dividend-focused funds as retirees seek income can favor large dividend payers like Exxon, creating steady demand for the shares. Retirees Are Quickly Moving Into These Dividend Funds
- Positive Sentiment: Analysts and commentators are highlighting Exxon’s developing asset portfolio and outperformance versus broader indexes, reinforcing bullish narratives around operational strength and dividend yield. Is Exxon Mobil Stock Outperforming the Nasdaq? Exxon Mobil: A Strong Developing Asset Portfolio
- Neutral Sentiment: Value comparisons (e.g., Sasol vs Exxon) and articles questioning whether XOM is still attractive after a ~40% one‑year gain are prompting valuation debates—these can temper momentum but don’t change fundamentals immediately. SSL or XOM: Which Is The Better Value Stock Right Now? Is Exxon Mobil (XOM) Still Attractive After A 40% One Year Share Price Gain
- Negative Sentiment: Kashagan partners have taken Kazakhstan to arbitration over a $4.6bn ecological fine — if Exxon were materially exposed as a partner, this could pose legal/financial downside; coverage raises watchlist risk for consortium participants. Kashagan partners take Kazakhstan to arbitration over $4.6bn fine
Exxon Mobil Company Profile
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.
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