Exxon Mobil Corporation (XOM) : University Of Texas Investment Managment Co has sold out all of its stake in Exxon Mobil Corporation during the most recent quarter, according to the disclosure filed by the company on Apr 25, 2016 with the SEC. The investment management company has sold out 34 shares of Exxon Mobil Corporation which is valued at $3,006.
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 , Baring Asset Management Ltd boosted its stake in XOM in the latest quarter, The investment management firm added 67,033 additional shares and now holds a total of 190,374 shares of Exxon Mobil Corporation which is valued at $16,829,062. Exxon Mobil Corporation makes up approx 1.39% of Baring Asset Management Ltd’s portfolio.Jolley Asset Management boosted its stake in XOM in the latest quarter, The investment management firm added 1,530 additional shares and now holds a total of 14,433 shares of Exxon Mobil Corporation which is valued at $1,263,320. Exxon Mobil Corporation makes up approx 1.11% of Jolley Asset Management’s portfolio.Community Bank N.a. reduced its stake in XOM by selling 480 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 99,401 shares of XOM which is valued at $8,700,570. Exxon Mobil Corporation makes up approx 2.07% of Community Bank 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.