Reliance Trust Co Of Delaware buys $30,522,692 stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Reliance Trust Co Of Delaware scooped up 68,653 additional shares in Exxon Mobil Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 347,441 shares of Exxon Mobil Corporation which is valued at $30,522,692.Exxon Mobil Corporation makes up approximately 2.70% of Reliance Trust Co Of Delaware’s portfolio.

Other Hedge Funds, Including , 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.Private Advisor Group boosted its stake in XOM in the latest quarter, The investment management firm added 44,327 additional shares and now holds a total of 298,312 shares of Exxon Mobil Corporation which is valued at $26,427,460. Exxon Mobil Corporation makes up approx 1.05% of Private Advisor Group’s portfolio.Qci Asset Management Incny reduced its stake in XOM by selling 1,217 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 219,698 shares of XOM which is valued at $19,236,757. Exxon Mobil Corporation makes up approx 2.63% of Qci Asset Management Incny’s portfolio.Welch Group reduced its stake in XOM by selling 41,617 shares or 18.47% in the most recent quarter. The Hedge Fund company now holds 183,759 shares of XOM which is valued at $16,345,363. Exxon Mobil Corporation makes up approx 3.29% of Welch Group’s portfolio.Cape Ann Savings Bank reduced its stake in XOM by selling 993 shares or 4.12% in the most recent quarter. The Hedge Fund company now holds 23,135 shares of XOM which is valued at $2,173,071. Exxon Mobil Corporation makes up approx 2.89% of Cape Ann Savings Bank’s portfolio.

Exxon Mobil Corporation closed down -1.11 points or -1.25% at $87.8 with 86,15,269 shares getting traded on Friday. Post opening the session at $88.63, the shares hit an intraday low of $87.79 and an intraday high of $88.74 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.

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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