Lathrop Investment Management Corp Purchases 2,562 Shares of Exxon Mobil Co. (NYSE:XOM)

Lathrop Investment Management Corp boosted its position in Exxon Mobil Co. (NYSE:XOM) by 2.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 94,450 shares of the oil and gas company’s stock after purchasing an additional 2,562 shares during the period. Exxon Mobil comprises 2.1% of Lathrop Investment Management Corp’s holdings, making the stock its 24th largest position. Lathrop Investment Management Corp’s holdings in Exxon Mobil were worth $11,071,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. WFA Asset Management Corp lifted its stake in shares of Exxon Mobil by 18.2% during the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after buying an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in Exxon Mobil during the first quarter worth approximately $933,000. Canada Pension Plan Investment Board boosted its holdings in shares of Exxon Mobil by 461.1% during the first quarter. Canada Pension Plan Investment Board now owns 938,562 shares of the oil and gas company’s stock worth $109,098,000 after acquiring an additional 771,301 shares during the period. Keeley Teton Advisors LLC grew its position in shares of Exxon Mobil by 4.8% in the first quarter. Keeley Teton Advisors LLC now owns 2,202 shares of the oil and gas company’s stock valued at $256,000 after purchasing an additional 100 shares during the last quarter. Finally, Bank of Nova Scotia Trust Co. increased its stake in shares of Exxon Mobil by 894.6% during the first quarter. Bank of Nova Scotia Trust Co. now owns 19,901 shares of the oil and gas company’s stock worth $2,313,000 after purchasing an additional 17,900 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $122.06 on Friday. The stock’s 50-day moving average is $119.18 and its 200-day moving average is $116.51. The stock has a market cap of $536.45 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 4.97 and a beta of 0.90. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the firm earned $2.27 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is 49.32%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, November 4th. UBS Group dropped their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Finally, The Goldman Sachs Group raised their price objective on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $130.21.

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.