Texas Yale Capital Corp. Lowers stake in Exxon Mobil Corporation (XOM)

Exxon Mobil Corporation (XOM) : Texas Yale Capital Corp. reduced its stake in Exxon Mobil Corporation by 1.35% during the most recent quarter end. The investment management company now holds a total of 60,809 shares of Exxon Mobil Corporation which is valued at $5,342,071 after selling 835 shares in Exxon Mobil Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Exxon Mobil Corporation makes up approximately 0.51% of Texas Yale Capital Corp.’s portfolio.

Other Hedge Funds, Including , Westfield Capital Management Co Lp reduced its stake in XOM by selling 8,158 shares or 56.16% in the most recent quarter. The Hedge Fund company now holds 6,368 shares of XOM which is valued at $559,429.Wilkins Investment Counsel Inc boosted its stake in XOM in the latest quarter, The investment management firm added 102 additional shares and now holds a total of 52,362 shares of Exxon Mobil Corporation which is valued at $4,600,002. Exxon Mobil Corporation makes up approx 1.24% of Wilkins Investment Counsel Inc’s portfolio.10-15 Associates reduced its stake in XOM by selling 53,024 shares or 62.02% in the most recent quarter. The Hedge Fund company now holds 32,475 shares of XOM which is valued at $2,843,511. Exxon Mobil Corporation makes up approx 0.79% of 10-15 Associates’s portfolio.Stonebridge Capital Management Inc reduced its stake in XOM by selling 3,574 shares or 3.66% in the most recent quarter. The Hedge Fund company now holds 94,176 shares of XOM which is valued at $8,561,540. Exxon Mobil Corporation makes up approx 3.77% of Stonebridge Capital Management Inc’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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