Beacon Financial Group Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Beacon Financial Group reduced its stake in Exxon Mobil Corporation by 20.3% during the most recent quarter end. The investment management company now holds a total of 74,369 shares of Exxon Mobil Corporation which is valued at $6.2 Million after selling 18,939 shares in Exxon Mobil Corporation according to a report filed by the company on Apr 1, 2016 with the SEC.Exxon Mobil Corporation makes up approximately 1.33% of Beacon Financial Group’s portfolio.

Other Hedge Funds, Including ,

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 opened for trading at $83.33 and hit $84.24 on the upside on Monday, eventually ending the session at $83.32, with a gain of 0.13% or 0.11 points. The heightened volatility saw the trading volume jump to 99,24,974 shares. Company has a market cap of $346,008 M.

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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