Exxon Mobil Corporation (XOM) : American Economic Planning Group Inc Adv reduced its stake in Exxon Mobil Corporation by 24.92% during the most recent quarter end. The investment management company now holds a total of 20,551 shares of Exxon Mobil Corporation which is valued at $1,820,613 after selling 6,822 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Exxon Mobil Corporation makes up approximately 0.71% of American Economic Planning Group Inc Adv’s portfolio.
Other Hedge Funds, Including , Nippon Life Global Investors Americas reduced its stake in XOM by selling 25,770 shares or 15.54% in the most recent quarter. The Hedge Fund company now holds 140,010 shares of XOM which is valued at $12,141,667. Exxon Mobil Corporation makes up approx 1.11% of Nippon Life Global Investors Americas’s portfolio.Genovese Burford Brothers Wealth Retirement Plan Mana… boosted its stake in XOM in the latest quarter, The investment management firm added 883 additional shares and now holds a total of 11,370 shares of Exxon Mobil Corporation which is valued at $986,006. Exxon Mobil Corporation makes up approx 0.38% of Genovese Burford Brothers Wealth Retirement Plan Mana…’s portfolio.Washington Capital Management Inc reduced its stake in XOM by selling 3,500 shares or 12.06% in the most recent quarter. The Hedge Fund company now holds 25,530 shares of XOM which is valued at $2,235,407. Exxon Mobil Corporation makes up approx 3.04% of Washington Capital Management Inc’s portfolio.Nikko Asset Management Americas boosted its stake in XOM in the latest quarter, The investment management firm added 29,700 additional shares and now holds a total of 478,793 shares of Exxon Mobil Corporation which is valued at $44,973,026. Exxon Mobil Corporation makes up approx 4.15% of Nikko Asset Management Americas’s portfolio.
Exxon Mobil Corporation opened for trading at $87.92 and hit $88.18 on the upside on Wednesday, eventually ending the session at $88.11, with a gain of 0.22% or 0.19 points. The heightened volatility saw the trading volume jump to 71,04,565 shares. Company has a market cap of $365,361 M.
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.
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.