Lee Danner Bass Inc Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Lee Danner Bass Inc reduced its stake in Exxon Mobil Corporation by 0.07% during the most recent quarter end. The investment management company now holds a total of 168,824 shares of Exxon Mobil Corporation which is valued at $14,770,412 after selling 123 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 1.79% of Lee Danner Bass Inc’s portfolio.

Other Hedge Funds, Including , Peak Asset Management reduced its stake in XOM by selling 709 shares or 3.51% in the most recent quarter. The Hedge Fund company now holds 19,486 shares of XOM which is valued at $1,704,830. Exxon Mobil Corporation makes up approx 0.35% of Peak Asset Management’s portfolio.Kornitzer Capital Management Inc Ks reduced its stake in XOM by selling 9,154 shares or 1.48% in the most recent quarter. The Hedge Fund company now holds 607,575 shares of XOM which is valued at $54,043,796. Exxon Mobil Corporation makes up approx 0.97% of Kornitzer Capital Management Inc Ks’s portfolio.Meyer Handelman Co reduced its stake in XOM by selling 44,320 shares or 7.13% in the most recent quarter. The Hedge Fund company now holds 577,047 shares of XOM which is valued at $54,248,188. Exxon Mobil Corporation makes up approx 2.36% of Meyer Handelman Co’s portfolio.Oakmont Partners reduced its stake in XOM by selling 450 shares or 6.2% in the most recent quarter. The Hedge Fund company now holds 6,807 shares of XOM which is valued at $645,848. Exxon Mobil Corporation makes up approx 0.43% of Oakmont Partners’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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *