Washington Trust Bank Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Washington Trust Bank reduced its stake in Exxon Mobil Corporation by 2.61% during the most recent quarter end. The investment management company now holds a total of 63,729 shares of Exxon Mobil Corporation which is valued at $5,544,423 after selling 1,708 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Oct 4, 2016.Exxon Mobil Corporation makes up approximately 1.33% of Washington Trust Bank’s portfolio.

Other Hedge Funds, Including , Ct Mason boosted its stake in XOM in the latest quarter, The investment management firm added 2,260 additional shares and now holds a total of 48,616 shares of Exxon Mobil Corporation which is valued at $4,229,592. Exxon Mobil Corporation makes up approx 1.87% of Ct Mason’s portfolio.Harbour Capital Advisors reduced its stake in XOM by selling 2,716 shares or 5.66% in the most recent quarter. The Hedge Fund company now holds 45,236 shares of XOM which is valued at $3,935,532. Exxon Mobil Corporation makes up approx 2.12% of Harbour Capital Advisors’s portfolio.Cullinan Associates Inc reduced its stake in XOM by selling 149,382 shares or 29.87% in the most recent quarter. The Hedge Fund company now holds 350,724 shares of XOM which is valued at $30,512,988. Exxon Mobil Corporation makes up approx 2.63% of Cullinan Associates Inc’s portfolio.Lau Associates reduced its stake in XOM by selling 200 shares or 0.74% in the most recent quarter. The Hedge Fund company now holds 26,777 shares of XOM which is valued at $2,329,599. Exxon Mobil Corporation makes up approx 2.38% of Lau Associates’s portfolio.Beacon Financial Group reduced its stake in XOM by selling 13,369 shares or 18.11% in the most recent quarter. The Hedge Fund company now holds 60,454 shares of XOM which is valued at $5,259,498. Exxon Mobil Corporation makes up approx 1.11% of Beacon Financial Group’s portfolio.

Exxon Mobil Corporation closed down -0.8 points or -0.92% at $86.25 with 82,22,033 shares getting traded on Tuesday. Post opening the session at $87.38, the shares hit an intraday low of $86.07 and an intraday high of $87.5 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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