Murphy Pohlad Asset Management Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Murphy Pohlad Asset Management reduced its stake in Exxon Mobil Corporation by 6.04% during the most recent quarter end. The investment management company now holds a total of 28,008 shares of Exxon Mobil Corporation which is valued at $2,424,372 after selling 1,800 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Exxon Mobil Corporation makes up approximately 1.84% of Murphy Pohlad Asset Management’s portfolio.

Other Hedge Funds, Including , Toth Financial Advisory Corp boosted its stake in XOM in the latest quarter, The investment management firm added 548 additional shares and now holds a total of 8,352 shares of Exxon Mobil Corporation which is valued at $722,949. Exxon Mobil Corporation makes up approx 0.22% of Toth Financial Advisory Corp’s portfolio.E&g Advisors Lp boosted its stake in XOM in the latest quarter, The investment management firm added 1,004 additional shares and now holds a total of 10,893 shares of Exxon Mobil Corporation which is valued at $963,377. Exxon Mobil Corporation makes up approx 0.57% of E&g Advisors Lp’s portfolio.Boltwood Capital Management reduced its stake in XOM by selling 55 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 42,608 shares of XOM which is valued at $3,706,896. Exxon Mobil Corporation makes up approx 2.98% of Boltwood Capital Management’s portfolio.North Star Asset Management Inc reduced its stake in XOM by selling 1,269 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 78,508 shares of XOM which is valued at $6,830,196. Exxon Mobil Corporation makes up approx 0.77% of North Star Asset Management Inc’s portfolio.New England Research Management reduced its stake in XOM by selling 2,058 shares or 6.33% in the most recent quarter. The Hedge Fund company now holds 30,468 shares of XOM which is valued at $2,650,716. Exxon Mobil Corporation makes up approx 2.23% of New England Research Management’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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