Bremer Trust National Association Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Bremer Trust National Association reduced its stake in Exxon Mobil Corporation by 0.99% during the most recent quarter end. The investment management company now holds a total of 60,468 shares of Exxon Mobil Corporation which is valued at $5,684,597 after selling 607 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Exxon Mobil Corporation makes up approximately 1.53% of Bremer Trust National Association’s portfolio.

Other Hedge Funds, Including , Farmers Trust Co reduced its stake in XOM by selling 28,199 shares or 21.93% in the most recent quarter. The Hedge Fund company now holds 100,390 shares of XOM which is valued at $9,437,664. Exxon Mobil Corporation makes up approx 2.99% of Farmers Trust Co’s portfolio.V Wealth Managementllc reduced its stake in XOM by selling 174 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 27,724 shares of XOM which is valued at $2,604,115. Exxon Mobil Corporation makes up approx 2.06% of V Wealth Managementllc’s portfolio.Gwm Advisors boosted its stake in XOM in the latest quarter, The investment management firm added 6,425 additional shares and now holds a total of 8,892 shares of Exxon Mobil Corporation which is valued at $843,139. Exxon Mobil Corporation makes up approx 0.35% of Gwm Advisors’s portfolio.Stillwater Investment Management boosted its stake in XOM in the latest quarter, The investment management firm added 401 additional shares and now holds a total of 23,053 shares of Exxon Mobil Corporation which is valued at $2,156,378. Exxon Mobil Corporation makes up approx 1.21% of Stillwater Investment Management’s portfolio.

Exxon Mobil Corporation closed down -0.54 points or -0.57% at $93.93 with 73,83,789 shares getting traded on Wednesday. Post opening the session at $94.25, the shares hit an intraday low of $93.8 and an intraday high of $94.4161 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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