Spinnaker Trust Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Spinnaker Trust reduced its stake in Exxon Mobil Corporation by 14.47% during the most recent quarter end. The investment management company now holds a total of 83,430 shares of Exxon Mobil Corporation which is valued at $7,299,291 after selling 14,119 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Exxon Mobil Corporation makes up approximately 1.00% of Spinnaker Trust’s portfolio.

Other Hedge Funds, Including , Wheatland Advisors Inc boosted its stake in XOM in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 9,313 shares of Exxon Mobil Corporation which is valued at $814,794. Exxon Mobil Corporation makes up approx 0.43% of Wheatland Advisors Inc’s portfolio.Gw Henssler Associates Ltd boosted its stake in XOM in the latest quarter, The investment management firm added 2,377 additional shares and now holds a total of 167,580 shares of Exxon Mobil Corporation which is valued at $14,906,241. Exxon Mobil Corporation makes up approx 1.68% of Gw Henssler Associates Ltd’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.Bourne Lent Asset Management Inc boosted its stake in XOM in the latest quarter, The investment management firm added 111 additional shares and now holds a total of 12,378 shares of Exxon Mobil Corporation which is valued at $1,125,284. Exxon Mobil Corporation makes up approx 0.83% of Bourne Lent Asset Management Inc’s portfolio.Peddock Capital Advisors boosted its stake in XOM in the latest quarter, The investment management firm added 115,015 additional shares and now holds a total of 834,564 shares of Exxon Mobil Corporation which is valued at $79,133,358. Exxon Mobil Corporation makes up approx 49.51% of Peddock Capital Advisors’s portfolio.

Exxon Mobil Corporation closed down -0.01 points or -0.01% at $87.48 with 1,34,51,350 shares getting traded on Thursday. Post opening the session at $87.5, the shares hit an intraday low of $87.03 and an intraday high of $87.65 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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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