Hemenway Trust Co buys $5,504,379 stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Hemenway Trust Co scooped up 7,289 additional shares in Exxon Mobil Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 63,473 shares of Exxon Mobil Corporation which is valued at $5,504,379.Exxon Mobil Corporation makes up approximately 1.39% of Hemenway Trust Co’s portfolio.

Other Hedge Funds, Including , Wharton Business Group reduced its stake in XOM by selling 62 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 21,653 shares of XOM which is valued at $1,877,748. Exxon Mobil Corporation makes up approx 0.21% of Wharton Business Group’s portfolio.Benedict Financial Advisors Inc boosted its stake in XOM in the latest quarter, The investment management firm added 302 additional shares and now holds a total of 31,885 shares of Exxon Mobil Corporation which is valued at $2,898,665. Exxon Mobil Corporation makes up approx 1.67% of Benedict Financial Advisors Inc’s portfolio.Mechanics Bank Trust Department reduced its stake in XOM by selling 6,852 shares or 3.98% in the most recent quarter. The Hedge Fund company now holds 165,205 shares of XOM which is valued at $15,517,706. Exxon Mobil Corporation makes up approx 5.57% of Mechanics Bank Trust Department’s portfolio.

Exxon Mobil Corporation closed down -0.04 points or -0.05% at $87.81 with 64,32,580 shares getting traded on Monday. Post opening the session at $88.42, the shares hit an intraday low of $87.64 and an intraday high of $88.5 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

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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