M Holdings Securities Inc. Purchases 6,189 Shares of Exxon Mobil Corporation $XOM

Key Points

• M Holdings Securities Inc. increased its shareholding in Exxon Mobil Corporation by 23.8% to 32,141 shares after acquiring an additional 6,189 shares, valued at approximately $3.82 million.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, representing a 3.7% annualized dividend yield and a payout ratio of 56.25%.
• Analysts maintain a mixed outlook on Exxon Mobil, with a consensus rating of "Hold" and a price target of $125.26, while several firms have adjusted their ratings and price objectives.

M Holdings Securities Inc. raised its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 23.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,141 shares of the oil and gas company's stock after acquiring an additional 6,189 shares during the period. M Holdings Securities Inc.'s holdings in Exxon Mobil were worth $3,822,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of XOM. Cornerstone Select Advisors LLC raised its position in shares of Exxon Mobil by 8.3% during the first quarter. Cornerstone Select Advisors LLC now owns 6,421 shares of the oil and gas company's stock valued at $764,000 after buying an additional 491 shares during the last quarter. RW Investment Management LLC raised its position in shares of Exxon Mobil by 5.2% during the first quarter. RW Investment Management LLC now owns 8,065 shares of the oil and gas company's stock valued at $959,000 after buying an additional 398 shares during the last quarter. Watts Gwilliam & Co. LLC raised its position in Exxon Mobil by 10.7% in the first quarter. Watts Gwilliam & Co. LLC now owns 14,838 shares of the oil and gas company's stock worth $1,765,000 after purchasing an additional 1,431 shares in the last quarter. Aviso Financial Inc. raised its position in Exxon Mobil by 9.0% in the first quarter. Aviso Financial Inc. now owns 9,701 shares of the oil and gas company's stock worth $1,154,000 after purchasing an additional 802 shares in the last quarter. Finally, Brooklyn Investment Group raised its position in Exxon Mobil by 39.0% in the first quarter. Brooklyn Investment Group now owns 32,705 shares of the oil and gas company's stock worth $3,890,000 after purchasing an additional 9,175 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on XOM. Morgan Stanley raised their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Mizuho dropped their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Piper Sandler reaffirmed an "overweight" rating on shares of Exxon Mobil in a report on Monday. Wall Street Zen lowered shares of Exxon Mobil from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $125.26.

Exxon Mobil Trading Down 0.8%

NYSE:XOM opened at $106.54 on Monday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The firm has a market capitalization of $454.21 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 2.00 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The business's 50-day moving average price is $110.25 and its two-hundred day moving average price is $108.88.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the previous year, the business earned $2.14 EPS. The firm's revenue was down 12.4% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.7%. Exxon Mobil's payout ratio is 56.25%.

Exxon Mobil 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.