Minneapolis Portfolio Management Group buys $36,094,461 stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Minneapolis Portfolio Management Group scooped up 13,901 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 9, 2016. The investment management firm now holds a total of 407,111 shares of Exxon Mobil Corporation which is valued at $36,094,461.Exxon Mobil Corporation makes up approximately 6.14% of Minneapolis Portfolio Management Group’s portfolio.

Other Hedge Funds, Including , Yacktman Asset Management Lp reduced its stake in XOM by selling 135,424 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 4,131,136 shares of XOM which is valued at $365,646,847. Exxon Mobil Corporation makes up approx 2.82% of Yacktman Asset Management Lp’s portfolio.Banque Pictet Cie Sa reduced its stake in XOM by selling 149,705 shares or 54.35% in the most recent quarter. The Hedge Fund company now holds 125,740 shares of XOM which is valued at $11,129,247. Exxon Mobil Corporation makes up approx 0.30% of Banque Pictet Cie Sa’s portfolio.Vnbtrust National Association boosted its stake in XOM in the latest quarter, The investment management firm added 280 additional shares and now holds a total of 41,453 shares of Exxon Mobil Corporation which is valued at $3,664,445. Exxon Mobil Corporation makes up approx 2.13% of Vnbtrust National Association’s portfolio.Jag Capital Management boosted its stake in XOM in the latest quarter, The investment management firm added 485 additional shares and now holds a total of 4,856 shares of Exxon Mobil Corporation which is valued at $429,270. Exxon Mobil Corporation makes up approx 0.09% of Jag Capital Management’s portfolio.

Exxon Mobil Corporation closed down -1.01 points or -1.13% at $88.66 with 97,21,139 shares getting traded on Friday. Post opening the session at $89.28, the shares hit an intraday low of $88.51 and an intraday high of $89.66 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. 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 .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 .

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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