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Have Top Institutions Raised Their Stakes in ExxonMobil Stock?

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Jun. 19 2019, Updated 3:32 p.m. ET

Institutional holdings in ExxonMobil stock

Let’s take a look at which institutions raised their holdings in ExxonMobil (XOM) stock in the first quarter.

Institutional holdings in ExxonMobil stand at ~57%. The level of institutional holdings in a stock indicates the confidence level or sentiment sophisticated market participants have in that stock. Usually, with all else being equal, higher institutional holdings indicate favorable opinions about a stock.

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Changes in institutional holdings in ExxonMobil stock

According to the latest filings, the Vanguard Group, State Street Global Advisors, and Capital Research Global Investors raised their holdings in ExxonMobil stock in the first quarter. However, BlackRock Institutional Trust Company lowered its holdings in the stock. These institutions are the top holders of ExxonMobil stock.

Further, Geode Capital Management, Fidelity Management & Research, and Northern Trust Investments have raised their holdings in the stock.

Thus, six of the top eight institutional holders in ExxonMobil increased their holdings in the stock in the first quarter. Of these six institutions, Capital Research Global Investors has bought the largest number of ExxonMobil stock in the quarter.

If we consider investor activity using filing dates over the past six months, then Capital World Investors and Capital Research Global Investors have been the top two buyers of XOM. Wellington Management Company and Asset Management One USA have been the top two sellers of XOM in the same period.

Peers’ institutional holdings

Institutional holdings in XOM are lower than institutional holdings in Chevron (CVX). However, institutional holdings in XOM are higher than institutional holdings in Royal Dutch Shell (RDS.A) and BP (BP). Holdings in Chevron, Shell, and BP stand at ~68%, ~10%, and ~12%, respectively.

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