Saybrook Capital Nc buys $7,414,193 stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Saybrook Capital Nc scooped up 675 additional shares in Exxon Mobil Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 83,625 shares of Exxon Mobil Corporation which is valued at $7,414,193.Exxon Mobil Corporation makes up approximately 4.80% of Saybrook Capital Nc’s portfolio.

Other Hedge Funds, Including , Sonora Investment Management boosted its stake in XOM in the latest quarter, The investment management firm added 7,560 additional shares and now holds a total of 32,828 shares of Exxon Mobil Corporation which is valued at $2,910,530. Exxon Mobil Corporation makes up approx 1.48% of Sonora Investment Management’s portfolio.Northstar Investment Advisors boosted its stake in XOM in the latest quarter, The investment management firm added 8,624 additional shares and now holds a total of 126,319 shares of Exxon Mobil Corporation which is valued at $11,180,495. Exxon Mobil Corporation makes up approx 2.75% of Northstar Investment Advisors’s portfolio.Polaris Greystone Financial Group reduced its stake in XOM by selling 5,978 shares or 54.56% in the most recent quarter. The Hedge Fund company now holds 4,978 shares of XOM which is valued at $440,055. Exxon Mobil Corporation makes up approx 0.07% of Polaris Greystone Financial Group’s portfolio.Concorde Asset Management boosted its stake in XOM in the latest quarter, The investment management firm added 929 additional shares and now holds a total of 6,365 shares of Exxon Mobil Corporation which is valued at $562,666. Exxon Mobil Corporation makes up approx 0.64% of Concorde Asset Management’s portfolio.North Point Portfolio Managers Corpoh reduced its stake in XOM by selling 1,587 shares or 0.99% in the most recent quarter. The Hedge Fund company now holds 159,004 shares of XOM which is valued at $14,055,954. Exxon Mobil Corporation makes up approx 2.70% of North Point Portfolio Managers Corpoh’s portfolio.

Exxon Mobil Corporation closed down -1.01 points or -1.13% at $88.66 with 97,21,139 shares getting traded on Friday. Post opening the session at $89.28, the shares hit an intraday low of $88.51 and an intraday high of $89.66 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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