Exxonmobil Investment Management Inc Tx Lowers stake in Norfolk Southern Corp. (NSC)

Norfolk Southern Corp. (NSC) : Exxonmobil Investment Management Inc Tx reduced its stake in Norfolk Southern Corp. by 2.09% during the most recent quarter end. The investment management company now holds a total of 74,954 shares of Norfolk Southern Corp. which is valued at $7,254,048 after selling 1,598 shares in Norfolk Southern Corp. , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Norfolk Southern Corp. makes up approximately 0.15% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in NSC by selling 54,776 shares or 69.66% in the most recent quarter. The Hedge Fund company now holds 23,860 shares of NSC which is valued at $2,315,374. Norfolk Southern Corp. makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.New England Research Management reduced its stake in NSC by selling 850 shares or 17.35% in the most recent quarter. The Hedge Fund company now holds 4,050 shares of NSC which is valued at $393,012. Norfolk Southern Corp. makes up approx 0.33% of New England Research Management’s portfolio.Burns J W Co Incny reduced its stake in NSC by selling 1,453 shares or 3.75% in the most recent quarter. The Hedge Fund company now holds 37,285 shares of NSC which is valued at $3,618,136. Norfolk Southern Corp. makes up approx 1.12% of Burns J W Co Incny’s portfolio.West Oak Capital reduced its stake in NSC by selling 372 shares or 2.92% in the most recent quarter. The Hedge Fund company now holds 12,363 shares of NSC which is valued at $1,199,706. Norfolk Southern Corp. makes up approx 0.83% of West Oak Capital’s portfolio.

Norfolk Southern Corp. closed down -0.67 points or -0.69% at $96.78 with 14,41,822 shares getting traded on Friday. Post opening the session at $97.3, the shares hit an intraday low of $96.05 and an intraday high of $97.395 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Norfolk Southern Corp. reported $1.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.35. The company had revenue of $2454.00 million for the quarter, compared to analysts expectations of $2475.41 million. The company’s revenue was down -9.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.41 EPS.

Norfolk Southern Corporation is a holding company. The Company owns a freight railroad Norfolk Southern Railway Company. The Company is engaged in the rail transportation of raw materials intermediate products and finished goods primarily in the Southeast East and Midwest and through interchange with rail carriers to and from the rest of the United States. The Company also transports overseas freight through various Atlantic and Gulf Coast ports. It provides logistics services and offers an intermodal network in the eastern half of the United States. The Company’s system reaches various individual industries electric generating facilities mines distribution centers transload facilities and other businesses located in its service area. The Company’s general merchandise market group is composed of five commodity groupings: chemicals; metals and construction; agriculture consumer products and Government; automotive and paper clay and forest products.

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