Banco Santander S.A. Boosts Stock Position in Exxon Mobil Corporation $XOM

Banco Santander S.A. boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 37.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 577,767 shares of the oil and gas company’s stock after acquiring an additional 157,464 shares during the quarter. Exxon Mobil accounts for 0.6% of Banco Santander S.A.’s portfolio, making the stock its 28th biggest holding. Banco Santander S.A.’s holdings in Exxon Mobil were worth $62,283,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of XOM. Eagle Capital Management LLC boosted its stake in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 376 shares during the period. Ironwood Wealth Management LLC. acquired a new position in Exxon Mobil in the first quarter valued at approximately $200,000. Brucke Financial Inc. boosted its stake in Exxon Mobil by 2.1% in the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after acquiring an additional 142 shares during the period. Golden State Wealth Management LLC boosted its stake in Exxon Mobil by 3.9% in the first quarter. Golden State Wealth Management LLC now owns 9,659 shares of the oil and gas company’s stock valued at $1,149,000 after acquiring an additional 360 shares during the period. Finally, Cornerstone Advisors Asset Management LLC acquired a new position in Exxon Mobil in the first quarter valued at approximately $230,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on XOM. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Barclays cut their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Piper Sandler set a $141.00 price target on Exxon Mobil in a report on Tuesday, October 7th. Melius began coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Finally, Melius Research began coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.58.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $115.07 on Wednesday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The stock has a market cap of $490.56 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 2.06 and a beta of 0.51. The stock’s 50 day moving average price is $112.92 and its 200 day moving average price is $109.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion for the quarter. 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.4%. Exxon Mobil’s payout ratio is presently 56.25%.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.