Finemark National Bank Trust Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Finemark National Bank Trust reduced its stake in Exxon Mobil Corporation by 3.42% during the most recent quarter end. The investment management company now holds a total of 225,458 shares of Exxon Mobil Corporation which is valued at $19,989,106 after selling 7,978 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on May 10, 2016.Exxon Mobil Corporation makes up approximately 2.36% of Finemark National Bank Trust’s portfolio.

Other Hedge Funds, Including , Chickasaw Capital Management reduced its stake in XOM by selling 7,085 shares or 8.4% in the most recent quarter. The Hedge Fund company now holds 77,306 shares of XOM which is valued at $6,853,950. Exxon Mobil Corporation makes up approx 0.20% of Chickasaw Capital Management’s portfolio.Aviance Capital Partners reduced its stake in XOM by selling 3,669 shares or 6.57% in the most recent quarter. The Hedge Fund company now holds 52,199 shares of XOM which is valued at $4,620,133. Exxon Mobil Corporation makes up approx 1.68% of Aviance Capital Partners’s portfolio.Kames Capital Plc boosted its stake in XOM in the latest quarter, The investment management firm added 128,928 additional shares and now holds a total of 672,754 shares of Exxon Mobil Corporation which is valued at $59,471,454. Exxon Mobil Corporation makes up approx 1.79% of Kames Capital Plc’s portfolio.First Midwest Bank Trust Division boosted its stake in XOM in the latest quarter, The investment management firm added 40,188 additional shares and now holds a total of 204,438 shares of Exxon Mobil Corporation which is valued at $18,072,319. Exxon Mobil Corporation makes up approx 2.37% of First Midwest Bank Trust Division’s portfolio.Westbourne Investment Advisors reduced its stake in XOM by selling 400 shares or 2.92% in the most recent quarter. The Hedge Fund company now holds 13,301 shares of XOM which is valued at $1,175,808. Exxon Mobil Corporation makes up approx 1.12% of Westbourne Investment Advisors’s portfolio.

Exxon Mobil Corporation opened for trading at $89.2 and hit $89.67 on the upside on Monday, eventually ending the session at $89.57, with a gain of 1.03% or 0.91 points. The heightened volatility saw the trading volume jump to 86,38,664 shares. Company has a market cap of $371,412 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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