Cibc Asset Management Inc Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Cibc Asset Management Inc reduced its stake in Exxon Mobil Corporation by 1.84% during the most recent quarter end. The investment management company now holds a total of 443,536 shares of Exxon Mobil Corporation which is valued at $38,804,965 after selling 8,301 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Exxon Mobil Corporation makes up approximately 0.29% of Cibc Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Concannon Wealth Management boosted its stake in XOM in the latest quarter, The investment management firm added 27 additional shares and now holds a total of 5,399 shares of Exxon Mobil Corporation which is valued at $472,359. Exxon Mobil Corporation makes up approx 0.47% of Concannon Wealth Management’s portfolio.Compass Capital Management Inc reduced its stake in XOM by selling 1,900 shares or 12.69% in the most recent quarter. The Hedge Fund company now holds 13,073 shares of XOM which is valued at $1,162,843. Exxon Mobil Corporation makes up approx 0.22% of Compass Capital Management Inc’s portfolio.Raub Brock Capital Management Lp boosted its stake in XOM in the latest quarter, The investment management firm added 218 additional shares and now holds a total of 10,487 shares of Exxon Mobil Corporation which is valued at $953,373. Exxon Mobil Corporation makes up approx 0.28% of Raub Brock Capital Management Lp’s portfolio.Northwest Investment Counselors reduced its stake in XOM by selling 786 shares or 5.06% in the most recent quarter. The Hedge Fund company now holds 14,762 shares of XOM which is valued at $1,387,776. Exxon Mobil Corporation makes up approx 0.73% of Northwest Investment Counselors’s portfolio.Stillwater Capital Advisors boosted its stake in XOM in the latest quarter, The investment management firm added 2,241 additional shares and now holds a total of 96,389 shares of Exxon Mobil Corporation which is valued at $9,145,388. Exxon Mobil Corporation makes up approx 2.66% of Stillwater Capital Advisors’s portfolio.

Exxon Mobil Corporation opened for trading at $88.05 and hit $88.89 on the upside on Monday, eventually ending the session at $88.59, with a gain of 1.18% or 1.03 points. The heightened volatility saw the trading volume jump to 1,04,92,709 shares. Company has a market cap of $367,352 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.

Investors should note that on Jul 27, 2016, Exxon Mobil Corporation announced a cash dividend of $0.7500. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 9, 2016.

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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