Banco Santander S.A. boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 208,195 shares of the oil and gas company’s stock after purchasing an additional 5,965 shares during the period. Banco Santander S.A.’s holdings in Exxon Mobil were worth $14,701,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Exxon Mobil by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock valued at $26,639,953,000 after acquiring an additional 2,953,857 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Exxon Mobil by 0.4% in the 2nd quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock valued at $21,523,998,000 after acquiring an additional 1,069,038 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Exxon Mobil by 0.5% in the 2nd quarter. Northern Trust Corp now owns 57,794,339 shares of the oil and gas company’s stock valued at $4,428,779,000 after acquiring an additional 305,219 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Exxon Mobil by 4.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 26,760,094 shares of the oil and gas company’s stock valued at $2,050,627,000 after acquiring an additional 1,057,308 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Exxon Mobil by 5,514.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock valued at $1,737,358,000 after acquiring an additional 22,268,191 shares during the last quarter. Hedge funds and other institutional investors own 54.39% of the company’s stock.
Shares of Exxon Mobil stock opened at $68.80 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.50 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $69.42 and a two-hundred day moving average price of $72.74. Exxon Mobil Co. has a 1-year low of $64.65 and a 1-year high of $83.49. The company has a market cap of $299.44 billion, a P/E ratio of 13.96, a PEG ratio of 2.70 and a beta of 0.97.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.48 dividend on an annualized basis and a yield of 5.06%. Exxon Mobil’s payout ratio is currently 70.59%.
A number of brokerages have recently commented on XOM. Jefferies Financial Group reiterated a “neutral” rating and issued a $76.00 price target on shares of Exxon Mobil in a research note on Friday, November 1st. BMO Capital Markets initiated coverage on Exxon Mobil in a report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 price objective for the company. Barclays initiated coverage on Exxon Mobil in a report on Monday, August 19th. They issued an “equal weight” rating and a $73.00 price objective for the company. Bank of America restated a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil in a report on Friday, September 27th. Finally, Morgan Stanley decreased their price objective on Exxon Mobil from $82.00 to $81.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the stock. Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $78.91.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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