Bahl & Gaynor Inc. Trims Stock Holdings in Exxon Mobil Corporation $XOM

Bahl & Gaynor Inc. lowered its stake in Exxon Mobil Corporation (NYSE:XOM) by 5.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,355,913 shares of the oil and gas company’s stock after selling 79,302 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Exxon Mobil were worth $152,879,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. PKS Advisory Services LLC raised its holdings in Exxon Mobil by 1.1% during the third quarter. PKS Advisory Services LLC now owns 16,731 shares of the oil and gas company’s stock valued at $1,886,000 after acquiring an additional 174 shares during the period. Provenance Wealth Advisors LLC grew its stake in Exxon Mobil by 10.6% during the third quarter. Provenance Wealth Advisors LLC now owns 2,324 shares of the oil and gas company’s stock valued at $262,000 after acquiring an additional 223 shares in the last quarter. New Age Alpha Advisors LLC increased its holdings in Exxon Mobil by 5.6% in the 3rd quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock valued at $18,778,000 after acquiring an additional 8,853 shares during the last quarter. Arete Wealth Advisors LLC lifted its stake in Exxon Mobil by 6.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 75,500 shares of the oil and gas company’s stock worth $8,515,000 after purchasing an additional 4,460 shares in the last quarter. Finally, Patrick M Sweeney & Associates Inc. lifted its stake in Exxon Mobil by 1.6% in the 3rd quarter. Patrick M Sweeney & Associates Inc. now owns 7,238 shares of the oil and gas company’s stock worth $816,000 after purchasing an additional 112 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on XOM shares. Mizuho set a $140.00 target price on Exxon Mobil in a report on Wednesday, February 4th. TD Cowen lifted their price objective on Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Bank of America increased their target price on Exxon Mobil from $129.00 to $135.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Barclays raised their target price on shares of Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Finally, Citigroup increased 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. Nine research 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.com, Exxon Mobil currently has a consensus rating of “Hold” and a consensus target price of $140.59.

Exxon Mobil Stock Up 2.7%

Shares of XOM opened at $152.55 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $135.64 and a 200 day moving average of $121.77. The company has a market cap of $635.62 billion, a PE ratio of 22.80, a P/E/G ratio of 15.82 and a beta of 0.35. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $156.93.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. The business had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 earnings per share. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.7%. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the transaction, the vice president owned 23,584 shares in the company, valued at $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 14,230 shares of company stock worth $1,888,421 in the last ninety days. 0.03% of the stock is owned by insiders.

About Exxon Mobil

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.