Cadence Capital Management Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Cadence Capital Management reduced its stake in Exxon Mobil Corporation by 10.89% during the most recent quarter end. The investment management company now holds a total of 147,392 shares of Exxon Mobil Corporation which is valued at $12,895,326 after selling 18,012 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Exxon Mobil Corporation makes up approximately 0.94% of Cadence Capital Management’s portfolio.

Other Hedge Funds, Including , Mogy Joel R Investment Counsel Inc reduced its stake in XOM by selling 329 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 146,272 shares of XOM which is valued at $12,797,337. Exxon Mobil Corporation makes up approx 2.31% of Mogy Joel R Investment Counsel Inc’s portfolio.Yhb Investment Advisors boosted its stake in XOM in the latest quarter, The investment management firm added 5,585 additional shares and now holds a total of 123,093 shares of Exxon Mobil Corporation which is valued at $11,571,973. Exxon Mobil Corporation makes up approx 2.46% of Yhb Investment Advisors’s portfolio.Ct Financial Advisors reduced its stake in XOM by selling 6,708 shares or 17.95% in the most recent quarter. The Hedge Fund company now holds 30,658 shares of XOM which is valued at $2,867,749. Exxon Mobil Corporation makes up approx 1.79% of Ct Financial Advisors’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.

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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