Cornerstone Advisory Llp Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Cornerstone Advisory Llp reduced its stake in Exxon Mobil Corporation by 0.69% during the most recent quarter end. The investment management company now holds a total of 21,598 shares of Exxon Mobil Corporation which is valued at $1,897,384 after selling 149 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Exxon Mobil Corporation makes up approximately 1.54% of Cornerstone Advisory Llp’s portfolio.

Other Hedge Funds, Including , Milestone Group reduced its stake in XOM by selling 1,000 shares or 8.91% in the most recent quarter. The Hedge Fund company now holds 10,221 shares of XOM which is valued at $897,915. Exxon Mobil Corporation makes up approx 0.14% of Milestone Group’s portfolio.Ghp Investment Advisors reduced its stake in XOM by selling 2,107 shares or 6.51% in the most recent quarter. The Hedge Fund company now holds 30,252 shares of XOM which is valued at $2,646,747. Exxon Mobil Corporation makes up approx 0.51% of Ghp Investment Advisors’s portfolio.Armbruster Capital Management reduced its stake in XOM by selling 2,218 shares or 9.28% in the most recent quarter. The Hedge Fund company now holds 21,688 shares of XOM which is valued at $1,929,148. Exxon Mobil Corporation makes up approx 1.20% of Armbruster Capital Management’s portfolio.Capital Advisors Ltd. reduced its stake in XOM by selling 30 shares or 0.76% in the most recent quarter. The Hedge Fund company now holds 3,897 shares of XOM which is valued at $369,747. Exxon Mobil Corporation makes up approx 0.17% of Capital Advisors Ltd.’s portfolio.

Exxon Mobil Corporation closed down -1.11 points or -1.25% at $87.8 with 86,15,269 shares getting traded on Friday. Post opening the session at $88.63, the shares hit an intraday low of $87.79 and an intraday high of $88.74 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 $0.41 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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