Banco Santander S.A. Sells 68,617 Shares of Exxon Mobil Corporation $XOM

Banco Santander S.A. reduced its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 11.9% in the third quarter, according to its most recent filing with the SEC. 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eagle Capital Management LLC increased its holdings in shares of Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares during the last quarter. Caxton Associates LLP purchased a new position in Exxon Mobil in the first quarter worth about $305,000. Sivia Capital Partners LLC increased its stake in Exxon Mobil by 1.9% during the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after acquiring an additional 207 shares during the last quarter. Castellan Group increased its stake in Exxon Mobil by 2.9% during the second quarter. Castellan Group now owns 26,470 shares of the oil and gas company’s stock worth $2,853,000 after acquiring an additional 740 shares during the last quarter. Finally, United Bank raised its position in Exxon Mobil by 2.8% during the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock valued at $2,352,000 after purchasing an additional 600 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.4%

XOM opened at $148.47 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The firm 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. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $156.93. The stock has a fifty day moving average price of $134.92 and a 200-day moving average price of $121.24.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.08. The company had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm’s quarterly 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 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be paid 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 payout ratio is 61.58%.

Analyst Ratings Changes

XOM has been the topic of several analyst reports. Loop Capital set a $123.00 target price on Exxon Mobil in a research report on Tuesday, February 3rd. Citigroup boosted their price objective on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, December 10th. BMO Capital Markets reissued a “market perform” rating and issued a $155.00 target price on shares of Exxon Mobil in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Finally, Jefferies Financial Group increased their price objective on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Exxon Mobil has an average rating of “Hold” and an average price target of $140.59.

Get Our Latest Analysis on XOM

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the sale, the vice president owned 23,584 shares of the company’s stock, valued at $3,295,864. This represents a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have sold 14,230 shares of company stock worth $1,888,421. Insiders own 0.03% of the company’s stock.

More Exxon Mobil News

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About Exxon Mobil

(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

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

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