Gradient Investments buys $7,071,309 stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Gradient Investments scooped up 7,625 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 11, 2016. The investment management firm now holds a total of 79,956 shares of Exxon Mobil Corporation which is valued at $7,071,309.Exxon Mobil Corporation makes up approximately 0.70% of Gradient Investments’s portfolio.

Other Hedge Funds, Including , Beacon Capital Management reduced its stake in XOM by selling 510 shares or 56.11% in the most recent quarter. The Hedge Fund company now holds 399 shares of XOM which is valued at $35,288.Arvest Bank Trust Division boosted its stake in XOM in the latest quarter, The investment management firm added 2,561 additional shares and now holds a total of 58,212 shares of Exxon Mobil Corporation which is valued at $5,049,309. Exxon Mobil Corporation makes up approx 0.43% of Arvest Bank Trust Division’s portfolio.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.Bnp Paribas Arbitrage Sa boosted its stake in XOM in the latest quarter, The investment management firm added 2,187,737 additional shares and now holds a total of 2,822,146 shares of Exxon Mobil Corporation which is valued at $245,526,702. Exxon Mobil Corporation makes up approx 1.01% of Bnp Paribas Arbitrage Sa’s portfolio.Beacon Financial Group reduced its stake in XOM by selling 13,369 shares or 18.11% in the most recent quarter. The Hedge Fund company now holds 60,454 shares of XOM which is valued at $5,259,498. Exxon Mobil Corporation makes up approx 1.11% of Beacon Financial Group’s portfolio.

Exxon Mobil Corporation closed down -0.7 points or -0.79% at $87.74 with 93,09,029 shares getting traded on Tuesday. Post opening the session at $88.08, the shares hit an intraday low of $87.3 and an intraday high of $88.19 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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