Lathrop Investment Management Corp Has $6.17 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Lathrop Investment Management Corp lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 137,904 shares of the oil and gas company’s stock after buying an additional 4,711 shares during the quarter. Exxon Mobil comprises approximately 1.8% of Lathrop Investment Management Corp’s investment portfolio, making the stock its 26th largest holding. Lathrop Investment Management Corp’s holdings in Exxon Mobil were worth $6,167,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in XOM. TFO TDC LLC grew its position in shares of Exxon Mobil by 137.4% during the 1st quarter. TFO TDC LLC now owns 864 shares of the oil and gas company’s stock worth $32,000 after buying an additional 500 shares during the period. Reitz Capital Advisors LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $33,000. PrairieView Partners LLC acquired a new stake in Exxon Mobil in the 1st quarter valued at $37,000. Capstone Financial Group Inc. grew its position in Exxon Mobil by 49.0% in the 2nd quarter. Capstone Financial Group Inc. now owns 1,116 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 367 shares during the period. Finally, Avondale Wealth Management acquired a new stake in Exxon Mobil in the 1st quarter valued at $52,000. 52.16% of the stock is owned by institutional investors.

Shares of NYSE XOM traded up $0.21 during mid-day trading on Friday, reaching $42.08. 32,123,002 shares of the company’s stock were exchanged, compared to its average volume of 18,976,564. The firm has a market capitalization of $177.04 billion, a price-to-earnings ratio of 15.76 and a beta of 1.33. Exxon Mobil Co. has a 52 week low of $30.11 and a 52 week high of $75.66. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52. The firm has a 50-day moving average price of $44.44 and a two-hundred day moving average price of $48.35.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.09). Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The firm had revenue of $32.61 billion during the quarter, compared to analysts’ expectations of $38.16 billion. During the same period last year, the business posted $0.61 EPS. The company’s revenue was down 52.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Exxon Mobil Co. will post -0.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 13th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 8.27%. The ex-dividend date is Wednesday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 154.67%.

Several analysts recently issued reports on XOM shares. Redburn Partners raised shares of Exxon Mobil from a “sell” rating to a “neutral” rating in a research report on Wednesday, May 13th. Credit Suisse Group lifted their price target on shares of Exxon Mobil from $37.00 to $45.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. SunTrust Banks started coverage on shares of Exxon Mobil in a research report on Thursday, July 23rd. They issued a “hold” rating and a $41.00 price target for the company. Piper Sandler lifted their price target on shares of Exxon Mobil from $46.00 to $49.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, Scotiabank reduced their price target on shares of Exxon Mobil from $50.00 to $47.00 and set a “sector underperform” rating for the company in a research report on Monday, July 13th. Five equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $53.17.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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