Lathrop Investment Management Corp Has $11.07 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Lathrop Investment Management Corp lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 94,450 shares of the oil and gas company’s stock after buying an additional 2,562 shares during the period. Exxon Mobil comprises approximately 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. WFA Asset Management Corp boosted its holdings 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 in the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $933,000. Canada Pension Plan Investment Board boosted its stake in 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 in the last quarter. Keeley Teton Advisors LLC grew its holdings in 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 worth $256,000 after purchasing an additional 100 shares during the period. Finally, Bank of Nova Scotia Trust Co. increased its stake in Exxon Mobil by 894.6% in the first quarter. Bank of Nova Scotia Trust Co. now owns 19,901 shares of the oil and gas company’s stock valued at $2,313,000 after purchasing an additional 17,900 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XOM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, November 4th. Wells Fargo & Company upped their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target for the company. Finally, Morgan Stanley lowered their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $130.21.

Exxon Mobil Stock Up 1.4 %

XOM stock opened at $122.06 on Friday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The stock has a market cap of $536.45 billion, a P/E ratio of 15.20, a P/E/G ratio of 4.97 and a beta of 0.90. The stock’s fifty day simple moving average is $119.18 and its two-hundred day simple moving average is $116.51. 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 posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $2.27 earnings per share. Analysts expect that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

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

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.