Callahan Advisors buys $11,758,709 stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Callahan Advisors scooped up 6,359 additional shares in Exxon Mobil Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 135,876 shares of Exxon Mobil Corporation which is valued at $11,758,709.Exxon Mobil Corporation makes up approximately 2.99% of Callahan Advisors’s portfolio.

Other Hedge Funds, Including , Johanson Financial Advisors boosted its stake in XOM in the latest quarter, The investment management firm added 601 additional shares and now holds a total of 17,502 shares of Exxon Mobil Corporation which is valued at $1,514,623. Exxon Mobil Corporation makes up approx 1.65% of Johanson Financial Advisors’s portfolio.Profit Investment Management reduced its stake in XOM by selling 5,675 shares or 42.06% in the most recent quarter. The Hedge Fund company now holds 7,818 shares of XOM which is valued at $676,726. Exxon Mobil Corporation makes up approx 0.68% of Profit Investment Management’s portfolio.First Premier Bank boosted its stake in XOM in the latest quarter, The investment management firm added 1,375 additional shares and now holds a total of 3,418 shares of Exxon Mobil Corporation which is valued at $295,862. Exxon Mobil Corporation makes up approx 0.23% of First Premier Bank’s portfolio.Foundation Resource Management Inc reduced its stake in XOM by selling 517 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 280,054 shares of XOM which is valued at $24,364,698. Exxon Mobil Corporation makes up approx 4.39% of Foundation Resource Management Inc’s portfolio.Eqis Capital Management boosted its stake in XOM in the latest quarter, The investment management firm added 3,111 additional shares and now holds a total of 29,551 shares of Exxon Mobil Corporation which is valued at $2,570,937. Exxon Mobil Corporation makes up approx 0.16% of Eqis Capital Management’s portfolio.

Exxon Mobil Corporation closed down -0.02 points or -0.02% at $86.54 with 79,91,654 shares getting traded on Friday. Post opening the session at $87.19, the shares hit an intraday low of $86.48 and an intraday high of $87.535 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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