Lathrop Investment Management Co. Increases Position in Exxon Mobil Corporation $XOM

Lathrop Investment Management Co. lifted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,936 shares of the oil and gas company’s stock after buying an additional 3,894 shares during the period. Exxon Mobil makes up approximately 2.2% of Lathrop Investment Management Co.’s portfolio, making the stock its 25th biggest holding. Lathrop Investment Management Co.’s holdings in Exxon Mobil were worth $11,528,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil in the 1st quarter worth approximately $29,000. Elequin Capital LP purchased a new position in Exxon Mobil in the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC lifted its stake in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new position in Exxon Mobil in the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on XOM shares. Barclays dropped their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Piper Sandler set a $141.00 price objective on Exxon Mobil in a research note on Tuesday, October 7th. Melius started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. UBS Group upped their price objective on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Morgan Stanley upped their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $127.00.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 1.6%

NYSE:XOM opened at $114.57 on Friday. The company has a market cap of $488.45 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.06 and a beta of 0.51. The stock’s fifty day moving average price is $113.19 and its two-hundred day moving average price is $109.86. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Company 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.