Verus Financial Partners buys $1,204,273 stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Verus Financial Partners scooped up 18 additional shares in Exxon Mobil Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 13,623 shares of Exxon Mobil Corporation which is valued at $1,204,273.Exxon Mobil Corporation makes up approximately 0.55% of Verus Financial Partners’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 , Bedrijfstakpensioenfonds Voor De Media Pno reduced its stake in XOM by selling 43,800 shares or 13.94% in the most recent quarter. The Hedge Fund company now holds 270,500 shares of XOM which is valued at $23,912,200. Exxon Mobil Corporation makes up approx 3.43% of Bedrijfstakpensioenfonds Voor De Media Pno’s portfolio.Mount Vernon Associates Inc Md reduced its stake in XOM by selling 400 shares or 4.44% in the most recent quarter. The Hedge Fund company now holds 8,614 shares of XOM which is valued at $753,983. Exxon Mobil Corporation makes up approx 1.64% of Mount Vernon Associates Inc Md’s portfolio.Lincluden Management Ltd boosted its stake in XOM in the latest quarter, The investment management firm added 13,510 additional shares and now holds a total of 45,054 shares of Exxon Mobil Corporation which is valued at $3,943,577. Exxon Mobil Corporation makes up approx 0.63% of Lincluden Management Ltd’s portfolio.Perkins Coie Trust Co boosted its stake in XOM in the latest quarter, The investment management firm added 3,856 additional shares and now holds a total of 6,576 shares of Exxon Mobil Corporation which is valued at $558,763. Exxon Mobil Corporation makes up approx 0.38% of Perkins Coie Trust Co’s portfolio.Heritage Investors Management Corp reduced its stake in XOM by selling 10,618 shares or 3.99% in the most recent quarter. The Hedge Fund company now holds 255,452 shares of XOM which is valued at $21,705,756. Exxon Mobil Corporation makes up approx 1.65% of Heritage Investors Management Corp’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 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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