Exxon Mobil Corporation $XOM Shares Purchased by Bahl & Gaynor Inc.

Key Points

• Bahl & Gaynor Inc. increased its stake in Exxon Mobil by 14.1% in the first quarter, owning 1,181,994 shares valued at approximately $140.6 million.
• Exxon Mobil reported quarterly earnings of $1.64 per share, surpassing estimates of $1.47, with a revenue of $81.51 billion, a 12.4% decline year-over-year.
• The company recently announced a quarterly dividend of $0.99 per share, resulting in an annualized yield of 3.6% and a payout ratio of 56.25%.

Bahl & Gaynor Inc. lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 14.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,181,994 shares of the oil and gas company's stock after buying an additional 146,012 shares during the period. Bahl & Gaynor Inc.'s holdings in Exxon Mobil were worth $140,575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Nuveen LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth about $2,730,414,000. GQG Partners LLC lifted its stake in Exxon Mobil by 15,135.7% during the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock valued at $1,197,753,000 after acquiring an additional 10,004,975 shares during the period. GAMMA Investing LLC lifted its stake in Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after acquiring an additional 9,391,614 shares during the period. Northern Trust Corp increased its stake in shares of Exxon Mobil by 7.0% in the fourth quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after acquiring an additional 2,998,892 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after acquiring an additional 2,639,797 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of XOM stock traded up $1.8920 during trading hours on Friday, hitting $111.1220. 13,580,389 shares of the company's stock were exchanged, compared to its average volume of 15,715,400. The firm has a market cap of $473.74 billion, a P/E ratio of 15.78, a P/E/G ratio of 2.08 and a beta of 0.53. The firm has a 50 day moving average of $110.24 and a two-hundred day moving average of $108.88. 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 Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

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

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil's dividend payout ratio is presently 56.25%.

Wall Street Analyst Weigh In

XOM has been the topic of several recent research reports. UBS Group upped their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley raised their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Finally, Melius began coverage on Exxon Mobil in a research report on Wednesday. They issued a "hold" rating and a $111.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $125.00.

Exxon Mobil Company Profile

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.