Banco Santander S.A. Raises Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Banco Santander S.A. increased its holdings in Exxon Mobil by 2.2%, acquiring an additional 9,212 shares, making their total ownership 420,303 shares valued at approximately $49.99 million.
• Exxon Mobil reported earnings of $1.64 per share for the most recent quarter, exceeding analyst expectations and generating revenue of $81.51 billion, although this figure marks a 12.4% decrease from the previous year.
• The company declared a quarterly dividend of $0.99 per share, which translates to an annual yield of 3.6%, and has a payout ratio of 52.52%.

Banco Santander S.A. lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 420,303 shares of the oil and gas company's stock after buying an additional 9,212 shares during the period. Exxon Mobil comprises 0.6% of Banco Santander S.A.'s investment portfolio, making the stock its 27th largest position. Banco Santander S.A.'s holdings in Exxon Mobil were worth $49,987,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of XOM. 10Elms LLP bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $29,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $32,000. Cloud Capital Management LLC bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $45,000. Finally, Clarity Asset Management Inc. boosted its position in shares of Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after purchasing an additional 100 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Exxon Mobil stock traded down $2.03 during midday trading on Friday, reaching $109.61. 19,647,904 shares of the stock traded hands, compared to its average volume of 14,938,472. The stock's fifty day moving average is $109.48 and its 200-day moving average is $109.11. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The stock has a market cap of $472.38 billion, a P/E ratio of 15.57, a PEG ratio of 2.06 and a beta of 0.53. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. The company had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same period in the prior year, the company earned $2.14 earnings per share. The firm's revenue was down 12.4% on a year-over-year basis. As a group, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Finally, Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $125.42.

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.