Firstmerit Bank N A Trustee Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Firstmerit Bank N A Trustee reduced its stake in Exxon Mobil Corporation by 1.83% during the most recent quarter end. The investment management company now holds a total of 362,942 shares of Exxon Mobil Corporation which is valued at $31,768,313 after selling 6,779 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Exxon Mobil Corporation makes up approximately 2.60% of Firstmerit Bank N A Trustee’s portfolio.

Exxon Mobil Corporation opened for trading at $87.24 and hit $87.64 on the upside on Friday, eventually ending the session at $87.53, with a gain of 0.85% or 0.74 points. The heightened volatility saw the trading volume jump to 91,50,823 shares. Company has a market cap of $363,491 M.

Other Hedge Funds, Including , Carl Domino Inc reduced its stake in XOM by selling 1,100 shares or 9.26% in the most recent quarter. The Hedge Fund company now holds 10,778 shares of XOM which is valued at $943,398. Exxon Mobil Corporation makes up approx 0.85% of Carl Domino Inc’s portfolio.Deane Retirement Strategies reduced its stake in XOM by selling 500 shares or 11.19% in the most recent quarter. The Hedge Fund company now holds 3,968 shares of XOM which is valued at $347,319. Exxon Mobil Corporation makes up approx 0.33% of Deane Retirement Strategies’s portfolio.Blue Bell Private Wealth Management boosted its stake in XOM in the latest quarter, The investment management firm added 1,401 additional shares and now holds a total of 9,113 shares of Exxon Mobil Corporation which is valued at $774,332. Exxon Mobil Corporation makes up approx 0.52% of Blue Bell Private Wealth Management’s portfolio.Hochman Cole Investment Advisors boosted its stake in XOM in the latest quarter, The investment management firm added 828 additional shares and now holds a total of 11,723 shares of Exxon Mobil Corporation which is valued at $996,103. Exxon Mobil Corporation makes up approx 0.84% of Hochman Cole Investment Advisors’s portfolio.Rowland Co Investment Counseladv boosted its stake in XOM in the latest quarter, The investment management firm added 4,805 additional shares and now holds a total of 72,198 shares of Exxon Mobil Corporation which is valued at $6,134,664. Exxon Mobil Corporation makes up approx 2.88% of Rowland Co Investment Counseladv’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 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.

Leave a Reply

Exxon Mobil Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Exxon Mobil Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.