Exxon Mobil Corporation (XOM) : Watch Point Trust Co scooped up 665 additional shares in Exxon Mobil Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 30,289 shares of Exxon Mobil Corporation which is valued at $2,651,196.Exxon Mobil Corporation makes up approximately 2.32% of Watch Point Trust Co’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 , Guinness Atkinson Asset Management Inc reduced its stake in XOM by selling 4,600 shares or 21.3% in the most recent quarter. The Hedge Fund company now holds 17,000 shares of XOM which is valued at $1,444,490. Exxon Mobil Corporation makes up approx 0.88% of Guinness Atkinson Asset Management Inc’s portfolio.Beese Fulmer Investment Management boosted its stake in XOM in the latest quarter, The investment management firm added 679 additional shares and now holds a total of 107,390 shares of Exxon Mobil Corporation which is valued at $9,124,928. Exxon Mobil Corporation makes up approx 2.62% of Beese Fulmer Investment Management’s portfolio.Kessler Investment Group boosted its stake in XOM in the latest quarter, The investment management firm added 29,965 additional shares and now holds a total of 30,061 shares of Exxon Mobil Corporation which is valued at $2,504,683. Exxon Mobil Corporation makes up approx 3.78% of Kessler Investment Group’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in XOM in the latest quarter, The investment management firm added 1,079 additional shares and now holds a total of 57,228 shares of Exxon Mobil Corporation which is valued at $4,768,237. Exxon Mobil Corporation makes up approx 0.95% of First Financial Bank N.a. – Trust Division’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.