Exxon Mobil Corporation (XOM) : Sheaff Brock Investment Advisors reduced its stake in Exxon Mobil Corporation by 6.52% during the most recent quarter end. The investment management company now holds a total of 297,856 shares of Exxon Mobil Corporation which is valued at $26,330,470 after selling 20,762 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Exxon Mobil Corporation makes up approximately 3.24% of Sheaff Brock Investment Advisors’s portfolio.
Exxon Mobil Corporation opened for trading at $88.24 and hit $89.4765 on the upside on Monday, eventually ending the session at $89.13, with a gain of 0.83% or 0.73 points. The heightened volatility saw the trading volume jump to 1,02,73,739 shares. Company has a market cap of $370,135 M.
Other Hedge Funds, Including , Punch Associates Investment Management reduced its stake in XOM by selling 1,182 shares or 2.39% in the most recent quarter. The Hedge Fund company now holds 48,342 shares of XOM which is valued at $4,273,433. Exxon Mobil Corporation makes up approx 0.51% of Punch Associates Investment Management’s portfolio.Forte Capital Adv reduced its stake in XOM by selling 673 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 20,546 shares of XOM which is valued at $1,798,391. Exxon Mobil Corporation makes up approx 0.78% of Forte Capital Adv’s portfolio.Acadian Asset Management boosted its stake in XOM in the latest quarter, The investment management firm added 29,512 additional shares and now holds a total of 74,002 shares of Exxon Mobil Corporation which is valued at $6,287,950. Exxon Mobil Corporation makes up approx 0.03% of Acadian Asset Management’s portfolio.Kanaly Trust Co reduced its stake in XOM by selling 5,108 shares or 0.51% in the most recent quarter. The Hedge Fund company now holds 1,004,849 shares of XOM which is valued at $85,382,020. Exxon Mobil Corporation makes up approx 17.05% of Kanaly Trust Co’s portfolio.Country Club Trust Company N.a. reduced its stake in XOM by selling 7,643 shares or 4.16% in the most recent quarter. The Hedge Fund company now holds 175,973 shares of XOM which is valued at $14,952,426. Exxon Mobil Corporation makes up approx 2.22% of Country Club Trust Company N.a.’s portfolio.
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 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.