Top Institutions Bought ExxonMobil Stock in Q4


Mar. 27 2019, Published 11:02 a.m. ET

Institutional holdings in ExxonMobil stock

In this part, we’ll discuss which institutions bought or sold ExxonMobil (XOM) in the fourth quarter based on the latest 13-F filings.

The institutional holdings in ExxonMobil are at ~56%. The level of the holdings shows the confidence level or sentiment that sophisticated market participants have in the stock. Usually, everything else being equal, higher institutional holdings indicate a favorable opinion about a stock.

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Changes in the institutional holdings

According to the latest filings, The Vanguard Group, BlackRock Institutional Trust Company, and Wellington Management Company increased their holdings in ExxonMobil stock in the fourth quarter. However, State Street Global Advisors has reduced its holdings in the stock. These four institutions are the top holders of ExxonMobil stock.

The next top five holders raised their holdings in ExxonMobil stock. The next top five holders are Capital Research Global Investors, Geode Capital Management, Norges Bank Investment Management, Fidelity Management and Research Company, and Northern Trust Investments. Eight of the top ten institutional holders in ExxonMobil have increased their holdings in the stock.

If we consider share activities using filing dates over the past six months, The Vanguard Group and BlackRock Institutional Trust Company were the top two buyers of ExxonMobil stock. However, T. Rowe Price Associates and State Street Global Advisors were the top two sellers of ExxonMobil shares during the same period.

Peers’ institutional holdings

The institutional holdings in ExxonMobil are lower than Chevron (CVX). However, the institutional holdings in ExxonMobil stock are higher than the US institutional holdings in Royal Dutch Shell (RDS.A) and BP (BP). The holdings in Chevron, Shell, and BP are ~68%, ~10%, and ~13%, respectively.


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