Holderness Investments Co buys $2.9 Million stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Holderness Investments Co scooped up 545 additional shares in Exxon Mobil Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 32,730 shares of Exxon Mobil Corporation which is valued at $2.9 Million.Exxon Mobil Corporation makes up approximately 2.79% of Holderness Investments Co’s portfolio.

Other Hedge Funds, Including , Atlantic Trust Group boosted its stake in XOM in the latest quarter, The investment management firm added 50,705 additional shares and now holds a total of 846,338 shares of Exxon Mobil Corporation which is valued at $75 Million. Exxon Mobil Corporation makes up approx 0.57% of Atlantic Trust Group’s portfolio.North Star Asset Management Inc reduced its stake in XOM by selling 1,276 shares or 1.56% in the most recent quarter. The Hedge Fund company now holds 80,619 shares of XOM which is valued at $7.1 Million. Exxon Mobil Corporation makes up approx 0.85% of North Star Asset Management Inc’s portfolio.Alerus Investment Advisors Corp boosted its stake in XOM in the latest quarter, The investment management firm added 1,223 additional shares and now holds a total of 76,423 shares of Exxon Mobil Corporation which is valued at $6.8 Million. Exxon Mobil Corporation makes up approx 1.19% of Alerus Investment Advisors Corp’s portfolio.Burney Co reduced its stake in XOM by selling 583 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 182,457 shares of XOM which is valued at $16.1 Million. Exxon Mobil Corporation makes up approx 1.19% of Burney Co’s portfolio.

Exxon Mobil Corporation opened for trading at $89.2 and hit $89.67 on the upside on Monday, eventually ending the session at $89.57, with a gain of 1.03% or 0.91 points. The heightened volatility saw the trading volume jump to 86,38,664 shares. Company has a market cap of $371,412 M.

On the company’s financial health, Exxon Mobil Corporation reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.32. The company had revenue of $48707.00 million for the quarter, compared to analysts expectations of $50135.41 million. The company’s revenue was down -28.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.17 EPS.

Many Wall Street Analysts have commented on Exxon Mobil Corporation. Exxon Mobil Corporation was Upgraded by Argus to ” Buy” on May 18, 2016. Company shares were Reiterated by UBS on May 2, 2016 to “Neutral”, Firm has raised the Price Target to $ 85 from a previous price target of $77 .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 .

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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