Lakeview Capital Partners Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Lakeview Capital Partners reduced its stake in Exxon Mobil Corporation by 17.26% during the most recent quarter end. The investment management company now holds a total of 30,631 shares of Exxon Mobil Corporation which is valued at $2,711,150 after selling 6,389 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on May 3, 2016.Exxon Mobil Corporation makes up approximately 1.73% of Lakeview Capital Partners’s portfolio.

Other Hedge Funds, Including , Financial Advisory Service reduced its stake in XOM by selling 1,837 shares or 7.08% in the most recent quarter. The Hedge Fund company now holds 24,114 shares of XOM which is valued at $2,134,330. Exxon Mobil Corporation makes up approx 1.09% of Financial Advisory Service’s portfolio.Community Financial Services Group reduced its stake in XOM by selling 904 shares or 4.93% in the most recent quarter. The Hedge Fund company now holds 17,443 shares of XOM which is valued at $1,541,961. Exxon Mobil Corporation makes up approx 0.77% of Community Financial Services Group’s portfolio.Regentatlantic Capital reduced its stake in XOM by selling 436 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 182,636 shares of XOM which is valued at $15,986,129. Exxon Mobil Corporation makes up approx 1.58% of Regentatlantic Capital’s portfolio.Patriot Wealth Management reduced its stake in XOM by selling 2,573 shares or 7.59% in the most recent quarter. The Hedge Fund company now holds 31,314 shares of XOM which is valued at $2,740,914. Exxon Mobil Corporation makes up approx 0.54% of Patriot Wealth Management’s portfolio.

Exxon Mobil Corporation opened for trading at $88.9 and hit $90 on the upside on Tuesday, eventually ending the session at $89.99, with a gain of 1.60% or 1.42 points. The heightened volatility saw the trading volume jump to 1,25,09,083 shares. Company has a market cap of $373,154 M.

On the company’s financial health, Exxon Mobil Corporation reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.32. The company had revenue of $48707.00 million for the quarter, compared to analysts expectations of $50135.41 million. The company’s revenue was down -28.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.17 EPS.

Many Wall Street Analysts have commented on Exxon Mobil Corporation. Company shares were Reiterated by UBS on May 2, 2016 to “Neutral”, Firm has raised the Price Target to $ 85 from a previous price target of $77 .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 .

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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