Stock Yards Bank Trust Co buys $12.7 Million stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Stock Yards Bank Trust Co scooped up 8,427 additional shares in Exxon Mobil Corporation during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 152,672 shares of Exxon Mobil Corporation which is valued at $12.7 Million.Exxon Mobil Corporation makes up approximately 1.83% of Stock Yards Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Stillwater Investment Management boosted its stake in XOM in the latest quarter, The investment management firm added 3,015 additional shares and now holds a total of 22,652 shares of Exxon Mobil Corporation which is valued at $1.9 Million. Exxon Mobil Corporation makes up approx 1.13% of Stillwater Investment Management’s portfolio.Arkansas Financial Group reduced its stake in XOM by selling 40 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 6,390 shares of XOM which is valued at $532,415. Exxon Mobil Corporation makes up approx 0.32% of Arkansas Financial Group’s portfolio.Lvm Capital Management Ltdmi reduced its stake in XOM by selling 4,116 shares or 3.81% in the most recent quarter. The Hedge Fund company now holds 103,923 shares of XOM which is valued at $8.7 Million. Exxon Mobil Corporation makes up approx 2.76% of Lvm Capital Management Ltdmi’s portfolio.Beacon Financial Group reduced its stake in XOM by selling 18,939 shares or 20.3% in the most recent quarter. The Hedge Fund company now holds 74,369 shares of XOM which is valued at $6.2 Million. Exxon Mobil Corporation makes up approx 1.33% of Beacon Financial Group’s portfolio.Renaissance Investment Group reduced its stake in XOM by selling 1,240 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 51,413 shares of XOM which is valued at $4.3 Million. Exxon Mobil Corporation makes up approx 2.13% of Renaissance Investment Group’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 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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