Advisory Services Network buys $10,841,459 stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Advisory Services Network scooped up 6,759 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 7, 2016. The investment management firm now holds a total of 124,988 shares of Exxon Mobil Corporation which is valued at $10,841,459.Exxon Mobil Corporation makes up approximately 2.06% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in XOM by selling 14,563 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 1,058,788 shares of XOM which is valued at $91,839,271. Exxon Mobil Corporation makes up approx 1.93% of Exxonmobil Investment Management Inc Tx’s portfolio.Franklin Street Advisors Inc Nc reduced its stake in XOM by selling 190 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 59,403 shares of XOM which is valued at $5,168,061. Exxon Mobil Corporation makes up approx 0.95% of Franklin Street Advisors Inc Nc’s portfolio.Independent Portfolio Consultants reduced its stake in XOM by selling 300 shares or 2.18% in the most recent quarter. The Hedge Fund company now holds 13,480 shares of XOM which is valued at $1,172,760. Exxon Mobil Corporation makes up approx 0.37% of Independent Portfolio Consultants’s portfolio.Telemus Capital reduced its stake in XOM by selling 514 shares or 2.01% in the most recent quarter. The Hedge Fund company now holds 25,109 shares of XOM which is valued at $2,184,483. Exxon Mobil Corporation makes up approx 0.24% of Telemus Capital’s portfolio.

Exxon Mobil Corporation closed down -0.3 points or -0.34% at $86.74 with 66,14,908 shares getting traded on Friday. Post opening the session at $86.95, the shares hit an intraday low of $86.42 and an intraday high of $87.4 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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