Lantz Financial LLC Buys 691 Shares of Exxon Mobil Co. (NYSE:XOM)

Lantz Financial LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 22,358 shares of the oil and gas company’s stock after buying an additional 691 shares during the quarter. Lantz Financial LLC’s holdings in Exxon Mobil were worth $2,405,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil in the 2nd quarter worth approximately $46,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil during the fourth quarter worth $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the 3rd quarter valued at $51,000. Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter valued at $54,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Exxon Mobil in the 3rd quarter worth $63,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.4 %

Shares of Exxon Mobil stock opened at $110.16 on Tuesday. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market cap of $484.16 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. The firm has a fifty day moving average price of $111.56 and a 200 day moving average price of $115.44.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.27 EPS. Equities research analysts predict that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.59%. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. TD Cowen cut their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Barclays reduced their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Finally, BMO Capital Markets raised their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $128.84.

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.