Louisiana State Employees Retirement System Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Louisiana State Employees Retirement System reduced its stake in Exxon Mobil Corporation by 2.05% during the most recent quarter end. The investment management company now holds a total of 272,100 shares of Exxon Mobil Corporation which is valued at $24,736,611 after selling 5,700 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Exxon Mobil Corporation makes up approximately 1.26% of Louisiana State Employees Retirement System’s portfolio.

Other Hedge Funds, Including , Round Table Services boosted its stake in XOM in the latest quarter, The investment management firm added 19 additional shares and now holds a total of 4,674 shares of Exxon Mobil Corporation which is valued at $424,913. Exxon Mobil Corporation makes up approx 0.23% of Round Table Services’s portfolio.Northstar Asset Management reduced its stake in XOM by selling 962 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 74,463 shares of XOM which is valued at $7,000,267. Exxon Mobil Corporation makes up approx 2.81% of Northstar Asset Management’s portfolio.Lodestar Investment Counselil boosted its stake in XOM in the latest quarter, The investment management firm added 8,293 additional shares and now holds a total of 232,576 shares of Exxon Mobil Corporation which is valued at $22,052,856. Exxon Mobil Corporation makes up approx 3.04% of Lodestar Investment Counselil’s portfolio.Breton Hill Capital Ltd. boosted its stake in XOM in the latest quarter, The investment management firm added 3,026 additional shares and now holds a total of 9,274 shares of Exxon Mobil Corporation which is valued at $879,917. Exxon Mobil Corporation makes up approx 0.27% of Breton Hill Capital Ltd.’s portfolio.

Exxon Mobil Corporation closed down -1.25 points or -1.39% at $88.95 with 2,39,28,098 shares getting traded on Friday. Post opening the session at $87.61, the shares hit an intraday low of $86.12 and an intraday high of $89.01 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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. Company shares were Reiterated by UBS on May 2, 2016 to “Neutral”, Firm has raised the Price Target to $ 85 from a previous price target of $77 .

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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