Buckhead Capital Management buys $14,422,806 stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Buckhead Capital Management scooped up 11,020 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 9, 2016. The investment management firm now holds a total of 162,804 shares of Exxon Mobil Corporation which is valued at $14,422,806.Exxon Mobil Corporation makes up approximately 2.53% of Buckhead Capital Management’s portfolio.

Other Hedge Funds, Including , Financial Counselors Inc boosted its stake in XOM in the latest quarter, The investment management firm added 9,784 additional shares and now holds a total of 221,792 shares of Exxon Mobil Corporation which is valued at $19,233,802. Exxon Mobil Corporation makes up approx 1.11% of Financial Counselors Inc’s portfolio.Janney Montgomery Scott reduced its stake in XOM by selling 49,528 shares or 8.53% in the most recent quarter. The Hedge Fund company now holds 531,272 shares of XOM which is valued at $46,518,176. Exxon Mobil Corporation makes up approx 0.70% of Janney Montgomery Scott’s portfolio.Glenmede Trust Co Na boosted its stake in XOM in the latest quarter, The investment management firm added 136,317 additional shares and now holds a total of 2,534,617 shares of Exxon Mobil Corporation which is valued at $221,931,065. Exxon Mobil Corporation makes up approx 1.29% of Glenmede Trust Co Na’s portfolio. Mission Wealth Management sold out all of its stake in XOM during the most recent quarter. The investment firm sold 28,548 shares of XOM which is valued $2,497,665.Beese Fulmer Investment Management reduced its stake in XOM by selling 1,022 shares or 0.95% in the most recent quarter. The Hedge Fund company now holds 106,368 shares of XOM which is valued at $9,306,136. Exxon Mobil Corporation makes up approx 2.59% of Beese Fulmer Investment Management’s portfolio.

Exxon Mobil Corporation opened for trading at $87.92 and hit $88.18 on the upside on Wednesday, eventually ending the session at $88.11, with a gain of 0.22% or 0.19 points. The heightened volatility saw the trading volume jump to 71,04,565 shares. Company has a market cap of $365,361 M.

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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