Orgel Wealth Management Exits Position in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Orgel Wealth Management has sold out all of its stake in Exxon Mobil Corporation during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 3,360 shares of Exxon Mobil Corporation which is valued at $295,176.

Other Hedge Funds, Including , Patten Group boosted its stake in XOM in the latest quarter, The investment management firm added 646 additional shares and now holds a total of 43,734 shares of Exxon Mobil Corporation which is valued at $3,842,032. Exxon Mobil Corporation makes up approx 1.76% of Patten Group’s portfolio.Freestone Capital Holdings boosted its stake in XOM in the latest quarter, The investment management firm added 1,634 additional shares and now holds a total of 14,046 shares of Exxon Mobil Corporation which is valued at $1,233,941. Exxon Mobil Corporation makes up approx 0.11% of Freestone Capital Holdings’s portfolio.Boston Partners reduced its stake in XOM by selling 773,111 shares or 78.62% in the most recent quarter. The Hedge Fund company now holds 210,279 shares of XOM which is valued at $18,412,029. Exxon Mobil Corporation makes up approx 0.03% of Boston Partners’s portfolio.Beech Hill Advisors reduced its stake in XOM by selling 576 shares or 14.86% in the most recent quarter. The Hedge Fund company now holds 3,300 shares of XOM which is valued at $309,969. Exxon Mobil Corporation makes up approx 0.20% of Beech Hill Advisors’s portfolio.

Exxon Mobil Corporation closed down -0.3 points or -0.34% at $86.84 with 84,34,729 shares getting traded on Thursday. Post opening the session at $86.72, the shares hit an intraday low of $86.09 and an intraday high of $86.84 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.

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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