June 2, 2016

Bank of America Downgrades Exxon Mobil Co. (XOM)


Exxon Mobil Co. (NYSE:XOM) was downgraded by equities research analysts at Bank of America from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, The Fly reports.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Moore Capital Management LP bought a new position in Exxon Mobil during the first quarter valued at $258,000. Beech Hill Advisors Inc. boosted its position in Exxon Mobil by 4.5% in the fourth quarter. Beech Hill Advisors Inc. now owns 3,450 shares of the company’s stock valued at $269,000 after buying an additional 150 shares during the period. Lowe FS boosted its position in Exxon Mobil by 3.9% in the third quarter. Lowe FS now owns 3,733 shares of the company’s stock valued at $278,000 after buying an additional 140 shares during the period. Stuart Chaussee & Associates Inc. raised its stake in shares of Exxon Mobil by 58.2% in the first quarter. Stuart Chaussee & Associates Inc. now owns 3,695 shares of the company’s stock worth $308,000 after buying an additional 1,360 shares in the last quarter. Finally, P. R. Herzig & Company acquired a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $313,000.



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