Exxon Mobil Corporation (XOM) : Albion Financial Group Ut reduced its stake in Exxon Mobil Corporation by 1.09% during the most recent quarter end. The investment management company now holds a total of 39,450 shares of Exxon Mobil Corporation which is valued at $3,453,059 after selling 434 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Exxon Mobil Corporation makes up approximately 0.57% of Albion Financial Group Ut’s portfolio.
Exxon Mobil Corporation opened for trading at $87.95 and hit $88.715 on the upside on Wednesday, eventually ending the session at $88.46, with a gain of 0.95% or 0.83 points. The heightened volatility saw the trading volume jump to 1,04,63,503 shares. Company has a market cap of $367,353 M.
Other Hedge Funds, Including , Thompson Investment Management reduced its stake in XOM by selling 7,760 shares or 2.71% in the most recent quarter. The Hedge Fund company now holds 278,181 shares of XOM which is valued at $24,349,183. Exxon Mobil Corporation makes up approx 5.01% of Thompson Investment Management’s portfolio.Barry Investment Advisors boosted its stake in XOM in the latest quarter, The investment management firm added 11,268 additional shares and now holds a total of 60,400 shares of Exxon Mobil Corporation which is valued at $5,286,812. Exxon Mobil Corporation makes up approx 1.64% of Barry Investment Advisors’s portfolio.Lowe Fs reduced its stake in XOM by selling 85 shares or 2.43% in the most recent quarter. The Hedge Fund company now holds 3,419 shares of XOM which is valued at $290,512. Exxon Mobil Corporation makes up approx 0.20% of Lowe Fs’s portfolio.Foundation Resource Management Inc boosted its stake in XOM in the latest quarter, The investment management firm added 262,012 additional shares and now holds a total of 280,389 shares of Exxon Mobil Corporation which is valued at $23,362,011. Exxon Mobil Corporation makes up approx 4.71% of Foundation Resource Management Inc’s portfolio.
On the company’s financial health, Exxon Mobil Corporation reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.64. The company had revenue of $59807.00 million for the quarter, compared to analysts expectations of $55285.48 million. The company’s revenue was down -31.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.56 EPS.
Many Wall Street Analysts have commented on Exxon Mobil Corporation. 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 .Nomura Initiated Exxon Mobil Corporation on Mar 18, 2016 to “Reduce”, Price Target of the shares are set at $70.
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 Companys 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.