Twin Capital Management Inc buys $30.6 Million stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Twin Capital Management Inc scooped up 13,310 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 344,930 shares of Exxon Mobil Corporation which is valued at $30.6 Million.Exxon Mobil Corporation makes up approximately 2.39% of Twin Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Focused Wealth Management Inc reduced its stake in XOM by selling 2,107 shares or 6.97% in the most recent quarter. The Hedge Fund company now holds 28,107 shares of XOM which is valued at $2.5 Million. Exxon Mobil Corporation makes up approx 1.38% of Focused Wealth Management Inc’s portfolio.Foster Dykema Cabot Co Incma boosted its stake in XOM in the latest quarter, The investment management firm added 825 additional shares and now holds a total of 103,423 shares of Exxon Mobil Corporation which is valued at $9.2 Million. Exxon Mobil Corporation makes up approx 2.21% of Foster Dykema Cabot Co Incma’s portfolio.Choate Investment Advisors boosted its stake in XOM in the latest quarter, The investment management firm added 6,929 additional shares and now holds a total of 154,096 shares of Exxon Mobil Corporation which is valued at $13.6 Million. Exxon Mobil Corporation makes up approx 0.94% of Choate Investment Advisors’s portfolio.Cibc World Markets boosted its stake in XOM in the latest quarter, The investment management firm added 52,297 additional shares and now holds a total of 135,976 shares of Exxon Mobil Corporation which is valued at $12 Million. Exxon Mobil Corporation makes up approx 0.06% of Cibc World Markets’s portfolio.Parsec Financial Management boosted its stake in XOM in the latest quarter, The investment management firm added 8,616 additional shares and now holds a total of 184,087 shares of Exxon Mobil Corporation which is valued at $16.3 Million. Exxon Mobil Corporation makes up approx 1.60% of Parsec Financial Management’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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