Ancora Inverness buys $6,123,075 stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Ancora Inverness scooped up 1,454 additional shares in Exxon Mobil Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 69,986 shares of Exxon Mobil Corporation which is valued at $6,123,075.Exxon Mobil Corporation makes up approximately 2.26% of Ancora Inverness’s portfolio.

Other Hedge Funds, Including , Investors Capital Advisory Services boosted its stake in XOM in the latest quarter, The investment management firm added 1,085 additional shares and now holds a total of 51,108 shares of Exxon Mobil Corporation which is valued at $4,471,439. Exxon Mobil Corporation makes up approx 0.86% of Investors Capital Advisory Services’s portfolio.Pennsylvania Trust Co boosted its stake in XOM in the latest quarter, The investment management firm added 444 additional shares and now holds a total of 493,692 shares of Exxon Mobil Corporation which is valued at $46,372,490. Exxon Mobil Corporation makes up approx 3.65% of Pennsylvania Trust Co’s portfolio.Eqis Capital Management reduced its stake in XOM by selling 37,198 shares or 58.45% in the most recent quarter. The Hedge Fund company now holds 26,440 shares of XOM which is valued at $2,507,041. Exxon Mobil Corporation makes up approx 0.16% of Eqis Capital Management’s portfolio.Loring Wolcott Coolidge Fiduciary Advisors Llpma reduced its stake in XOM by selling 3,987 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 1,038,887 shares of XOM which is valued at $98,569,599. Exxon Mobil Corporation makes up approx 2.21% of Loring Wolcott Coolidge Fiduciary Advisors Llpma’s portfolio.

Exxon Mobil Corporation opened for trading at $88.05 and hit $88.89 on the upside on Monday, eventually ending the session at $88.59, with a gain of 1.18% or 1.03 points. The heightened volatility saw the trading volume jump to 1,04,92,709 shares. Company has a market cap of $367,352 M.

On the company’s financial health, Exxon Mobil Corporation reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.64. The company had revenue of $57694.00 million for the quarter, compared to analysts expectations of $64001.29 million. The company’s revenue was down -22.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.

Investors should note that on Jul 27, 2016, Exxon Mobil Corporation announced a cash dividend of $0.7500. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 9, 2016.

Many Wall Street Analysts have commented on Exxon Mobil Corporation. Exxon Mobil Corporation was Downgraded by BofA/Merrill to ” Neutral” on Jun 2, 2016. Exxon Mobil Corporation was Upgraded by Argus to ” Buy” on May 18, 2016.

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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