Chesley Taft Associates Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Chesley Taft Associates reduced its stake in Exxon Mobil Corporation by 1.17% during the most recent quarter end. The investment management company now holds a total of 272,772 shares of Exxon Mobil Corporation which is valued at $25,643,296 after selling 3,220 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Exxon Mobil Corporation makes up approximately 2.55% of Chesley Taft Associates’s portfolio.

Other Hedge Funds, Including , Denali Advisors reduced its stake in XOM by selling 11,300 shares or 19.62% in the most recent quarter. The Hedge Fund company now holds 46,300 shares of XOM which is valued at $4,390,166. Exxon Mobil Corporation makes up approx 0.74% of Denali Advisors’s portfolio.Braver Wealth Management reduced its stake in XOM by selling 5,540 shares or 7.55% in the most recent quarter. The Hedge Fund company now holds 67,864 shares of XOM which is valued at $6,438,936. Exxon Mobil Corporation makes up approx 1.08% of Braver Wealth Management’s portfolio.Watch Point Trust Co boosted its stake in XOM in the latest quarter, The investment management firm added 645 additional shares and now holds a total of 30,934 shares of Exxon Mobil Corporation which is valued at $2,893,566. Exxon Mobil Corporation makes up approx 2.47% of Watch Point Trust Co’s portfolio.Grubman Wealth Management reduced its stake in XOM by selling 2,000 shares or 44.23% in the most recent quarter. The Hedge Fund company now holds 2,522 shares of XOM which is valued at $235,908. Exxon Mobil Corporation makes up approx 0.17% of Grubman Wealth Management’s portfolio.

Exxon Mobil Corporation closed down -0.71 points or -0.78% at $90.2 with 1,24,06,070 shares getting traded on Thursday. Post opening the session at $90.54, the shares hit an intraday low of $89.61 and an intraday high of $90.73 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 $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 29, 2016. Analyst had a consensus of $0.32. The company had revenue of $48707.00 million for the quarter, compared to analysts expectations of $50135.41 million. The company’s revenue was down -28.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.17 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. Company shares were Reiterated by UBS on May 2, 2016 to “Neutral”, Firm has raised the Price Target to $ 85 from a previous price target of $77 .

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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