Exxon Mobil Corporation (XOM) : Viking Fund Management reduced its stake in Exxon Mobil Corporation by 17.65% during the most recent quarter end. The investment management company now holds a total of 280,000 shares of Exxon Mobil Corporation which is valued at $23,791,600 after selling 60,000 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Exxon Mobil Corporation makes up approximately 4.51% of Viking Fund Management’s portfolio.
Exxon Mobil Corporation closed down -0.46 points or -0.54% at $84.97 with 1,12,80,211 shares getting traded on Friday. Post opening the session at $85.3, the shares hit an intraday low of $84.78 and an intraday high of $85.66 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , 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.Iowa State Bank reduced its stake in XOM by selling 134 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 50,110 shares of XOM which is valued at $4,175,165. Exxon Mobil Corporation makes up approx 2.37% of Iowa State Bank’s portfolio.Filament reduced its stake in XOM by selling 500 shares or 12.7% in the most recent quarter. The Hedge Fund company now holds 3,438 shares of XOM which is valued at $286,454. Exxon Mobil Corporation makes up approx 0.14% of Filament’s portfolio.Pure Financial Advisors reduced its stake in XOM by selling 61 shares or 1.95% in the most recent quarter. The Hedge Fund company now holds 3,066 shares of XOM which is valued at $255,459. Exxon Mobil Corporation makes up approx 0.09% of Pure Financial Advisors’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.