Exxon Mobil Corporation (XOM) : Reilly Financial Advisors added new position in Exxon Mobil Corporation during the most recent quarter end. The investment management firm now holds 156,707 shares of Exxon Mobil Corporation which is valued at $13,710,295 , the company said in a statement filed on Aug 3, 2016 with the SEC.Exxon Mobil Corporation makes up approximately 2.45% of Reilly Financial Advisors’s portfolio.
Other Hedge Funds, Including , State Treasurer State Of Michigan boosted its stake in XOM in the latest quarter, The investment management firm added 23,800 additional shares and now holds a total of 1,453,664 shares of Exxon Mobil Corporation which is valued at $127,181,063. Exxon Mobil Corporation makes up approx 0.97% of State Treasurer State Of Michigan’s portfolio.David R. Rahn Associates boosted its stake in XOM in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 3,804 shares of Exxon Mobil Corporation which is valued at $345,822. Exxon Mobil Corporation makes up approx 0.27% of David R. Rahn Associates’s portfolio.United Bank reduced its stake in XOM by selling 5,791 shares or 8.3% in the most recent quarter. The Hedge Fund company now holds 63,968 shares of XOM which is valued at $6,013,632. Exxon Mobil Corporation makes up approx 2.67% of United Bank’s portfolio.Davis-rea Ltd. reduced its stake in XOM by selling 1,120 shares or 3.32% in the most recent quarter. The Hedge Fund company now holds 32,605 shares of XOM which is valued at $3,065,196. Exxon Mobil Corporation makes up approx 1.98% of Davis-rea Ltd.’s portfolio. Svenska Handelsbanken Ab (publ) sold out all of its stake in XOM during the most recent quarter. The investment firm sold 489,793 shares of XOM which is valued $46,471,560.
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.
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.