Krasney Financial buys $7,822,252 stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Krasney Financial scooped up 67,224 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 12, 2016. The investment management firm now holds a total of 89,041 shares of Exxon Mobil Corporation which is valued at $7,822,252.Exxon Mobil Corporation makes up approximately 1.75% of Krasney Financial’s portfolio.

Other Hedge Funds, Including , Van Eck Associates Corp reduced its stake in XOM by selling 38,047 shares or 42.89% in the most recent quarter. The Hedge Fund company now holds 50,669 shares of XOM which is valued at $4,451,272. Exxon Mobil Corporation makes up approx 0.02% of Van Eck Associates Corp’s portfolio.Skba Capital Management reduced its stake in XOM by selling 600 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 270,000 shares of XOM which is valued at $23,719,500. Exxon Mobil Corporation makes up approx 2.24% of Skba Capital Management’s portfolio. Uss Investment Management Ltd added XOM to its portfolio by purchasing 1,525,000 company shares during the most recent quarter which is valued at $133,422,250. Exxon Mobil Corporation makes up approx 2.20% of Uss Investment Management Ltd’s portfolio. Foothills Asset Management Ltd. added XOM to its portfolio by purchasing 25,003 company shares during the most recent quarter which is valued at $2,372,285. Exxon Mobil Corporation makes up approx 1.84% of Foothills Asset Management Ltd.’s portfolio.

Exxon Mobil Corporation opened for trading at $87.04 and hit $87.92 on the upside on Monday, eventually ending the session at $87.84, with a gain of 0.65% or 0.57 points. The heightened volatility saw the trading volume jump to 70,27,164 shares. Company has a market cap of $364,242 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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