Bourgeon Capital Management Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Bourgeon Capital Management reduced its stake in Exxon Mobil Corporation by 0.76% during the most recent quarter end. The investment management company now holds a total of 41,522 shares of Exxon Mobil Corporation which is valued at $3,632,760 after selling 316 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Exxon Mobil Corporation makes up approximately 2.25% of Bourgeon Capital Management’s portfolio.

Other Hedge Funds, Including , Montag A Associates Inc reduced its stake in XOM by selling 740 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 64,039 shares of XOM which is valued at $5,602,772. Exxon Mobil Corporation makes up approx 0.72% of Montag A Associates Inc’s portfolio.Mckinley Carter Wealth Services reduced its stake in XOM by selling 142 shares or 0.39% in the most recent quarter. The Hedge Fund company now holds 36,531 shares of XOM which is valued at $3,196,097. Exxon Mobil Corporation makes up approx 1.63% of Mckinley Carter Wealth Services’s portfolio.Vnbtrust National Association boosted its stake in XOM in the latest quarter, The investment management firm added 1,155 additional shares and now holds a total of 42,608 shares of Exxon Mobil Corporation which is valued at $3,873,493. Exxon Mobil Corporation makes up approx 2.24% of Vnbtrust National Association’s portfolio.Murphy Capital Management Inc boosted its stake in XOM in the latest quarter, The investment management firm added 1,815 additional shares and now holds a total of 163,798 shares of Exxon Mobil Corporation which is valued at $15,385,546. Exxon Mobil Corporation makes up approx 2.31% of Murphy Capital Management Inc’s portfolio.Physicians Financial Services boosted its stake in XOM in the latest quarter, The investment management firm added 430 additional shares and now holds a total of 54,854 shares of Exxon Mobil Corporation which is valued at $5,201,256. Exxon Mobil Corporation makes up approx 4.42% of Physicians Financial Services’s portfolio.

Exxon Mobil Corporation opened for trading at $88.05 and hit $88.89 on the upside on Monday, eventually ending the session at $88.59, with a gain of 1.18% or 1.03 points. The heightened volatility saw the trading volume jump to 1,04,92,709 shares. Company has a market cap of $367,352 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.

Investors should note that on Jul 27, 2016, Exxon Mobil Corporation announced a cash dividend of $0.7500. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 9, 2016.

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 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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