Northwest Investment Counselors Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Northwest Investment Counselors reduced its stake in Exxon Mobil Corporation by 11.6% during the most recent quarter end. The investment management company now holds a total of 15,548 shares of Exxon Mobil Corporation which is valued at $1,360,916 after selling 2,040 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Exxon Mobil Corporation makes up approximately 0.76% of Northwest Investment Counselors’s portfolio.

Exxon Mobil Corporation opened for trading at $87.95 and hit $88.715 on the upside on Wednesday, eventually ending the session at $88.46, with a gain of 0.95% or 0.83 points. The heightened volatility saw the trading volume jump to 1,04,63,503 shares. Company has a market cap of $367,353 M.

Other Hedge Funds, Including , Concannon Wealth Management boosted its stake in XOM in the latest quarter, The investment management firm added 290 additional shares and now holds a total of 5,372 shares of Exxon Mobil Corporation which is valued at $470,211. Exxon Mobil Corporation makes up approx 0.48% of Concannon Wealth Management’s portfolio.Community Bank N.a. reduced its stake in XOM by selling 480 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 99,401 shares of XOM which is valued at $8,700,570. Exxon Mobil Corporation makes up approx 2.07% of Community Bank N.a.’s portfolio.Pinnacle Advisory Group boosted its stake in XOM in the latest quarter, The investment management firm added 429 additional shares and now holds a total of 19,697 shares of Exxon Mobil Corporation which is valued at $1,673,654. Exxon Mobil Corporation makes up approx 0.16% of Pinnacle Advisory Group’s portfolio.Clean Yield Group reduced its stake in XOM by selling 600 shares or 9.28% in the most recent quarter. The Hedge Fund company now holds 5,867 shares of XOM which is valued at $498,519. Exxon Mobil Corporation makes up approx 0.22% of Clean Yield Group’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in XOM in the latest quarter, The investment management firm added 78,006 additional shares and now holds a total of 1,011,095 shares of Exxon Mobil Corporation which is valued at $85,912,742. Exxon Mobil Corporation makes up approx 1.94% of Exxonmobil Investment Management Inc Tx’s portfolio.

On the company’s financial health, Exxon Mobil Corporation reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.64. The company had revenue of $59807.00 million for the quarter, compared to analysts expectations of $55285.48 million. The company’s revenue was down -31.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.56 EPS.

Many Wall Street Analysts have commented on Exxon Mobil Corporation. Company shares were Reiterated by Barclays on Apr 8, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 85 from a previous price target of $80 .Shares were Reiterated by Deutsche Bank on Mar 29, 2016 to “Hold” and Lowered the Price Target to $ 82 from a previous price target of $85 .Nomura Initiated Exxon Mobil Corporation on Mar 18, 2016 to “Reduce”, Price Target of the shares are set at $70.

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas. The Company is involved in the manufacturing of petroleum products and transportation and sale of crude oil natural gas and petroleum products. The Company also manufactures and markets petrochemicals including olefins aromatics polyethylene and polypropylene plastics and a variety of specialty products. The Company’s projects include the Kearl project Heidelberg project the Point Thomson project the Hadrian South project the Lucius project the Chirag Oil project the Tapis Enhanced Oil Recovery project the Damar project and the Barzan project among others. The Company is conducting its operations and projects in the United States Asia Africa Canada/South America Europe and Australia/Oceania.

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