Finemark National Bank Trust Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Finemark National Bank Trust reduced its stake in Exxon Mobil Corporation by 0.49% during the most recent quarter end. The investment management company now holds a total of 224,348 shares of Exxon Mobil Corporation which is valued at $19,455,459 after selling 1,110 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Exxon Mobil Corporation makes up approximately 2.09% of Finemark National Bank Trust’s portfolio.

Other Hedge Funds, Including , Summit Asset Management reduced its stake in XOM by selling 217 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 27,785 shares of XOM which is valued at $2,409,515. Exxon Mobil Corporation makes up approx 1.06% of Summit Asset Management’s portfolio.Stratford Consulting reduced its stake in XOM by selling 1,066 shares or 29.49% in the most recent quarter. The Hedge Fund company now holds 2,549 shares of XOM which is valued at $226,734. Exxon Mobil Corporation makes up approx 0.10% of Stratford Consulting’s portfolio.Cg Asset Management reduced its stake in XOM by selling 855 shares or 2.38% in the most recent quarter. The Hedge Fund company now holds 35,000 shares of XOM which is valued at $3,181,850. Exxon Mobil Corporation makes up approx 1.22% of Cg Asset Management’s portfolio.Canandaigua National Bank Trust Co boosted its stake in XOM in the latest quarter, The investment management firm added 2,173 additional shares and now holds a total of 220,485 shares of Exxon Mobil Corporation which is valued at $20,044,291. Exxon Mobil Corporation makes up approx 5.70% of Canandaigua National Bank Trust Co’s portfolio.Arcadia Investment Management Corpmi reduced its stake in XOM by selling 2,664 shares or 27.39% in the most recent quarter. The Hedge Fund company now holds 7,061 shares of XOM which is valued at $669,524. Exxon Mobil Corporation makes up approx 0.21% of Arcadia Investment Management Corpmi’s portfolio.

Exxon Mobil Corporation closed down -0.04 points or -0.05% at $87.81 with 64,32,580 shares getting traded on Monday. Post opening the session at $88.42, the shares hit an intraday low of $87.64 and an intraday high of $88.5 and the price fluctuated in this range throughout the day.Shares ended Monday 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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