Exxon Mobil Corporation (XOM) : First National Bank Of Hutchinson scooped up 1,599 additional shares in Exxon Mobil Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 16,307 shares of Exxon Mobil Corporation which is valued at $1,482,469.Exxon Mobil Corporation makes up approximately 0.92% of First National Bank Of Hutchinson’s portfolio.
Other Hedge Funds, Including , Huntington National Bank reduced its stake in XOM by selling 14,207 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 1,501,354 shares of XOM which is valued at $136,488,092. Exxon Mobil Corporation makes up approx 3.33% of Huntington National Bank’s portfolio.Cribstone Capital Management reduced its stake in XOM by selling 13,161 shares or 35.09% in the most recent quarter. The Hedge Fund company now holds 24,348 shares of XOM which is valued at $2,287,008. Exxon Mobil Corporation makes up approx 1.42% of Cribstone Capital Management’s portfolio.Barometer Capital Management boosted its stake in XOM in the latest quarter, The investment management firm added 3,300 additional shares and now holds a total of 11,300 shares of Exxon Mobil Corporation which is valued at $1,071,466. Exxon Mobil Corporation makes up approx 0.10% of Barometer Capital Management’s portfolio.Crestpoint Capital Management reduced its stake in XOM by selling 100 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 91,279 shares of XOM which is valued at $8,655,075. Exxon Mobil Corporation makes up approx 4.47% of Crestpoint Capital Management’s portfolio.
Exxon Mobil Corporation closed down -1.25 points or -1.39% at $88.95 with 2,39,28,098 shares getting traded on Friday. Post opening the session at $87.61, the shares hit an intraday low of $86.12 and an intraday high of $89.01 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 $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.64. The company had revenue of $57694.00 million for the quarter, compared to analysts expectations of $64001.29 million. The company’s revenue was down -22.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.
Many Wall Street Analysts have commented on Exxon Mobil Corporation. Exxon Mobil Corporation was Downgraded by BofA/Merrill to ” Neutral” on Jun 2, 2016. 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 .
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.