Institutional holdings in energy stocks changed a lot in the third quarter. Some bought leading energy stocks, while others bought some and sold others.
ExxonMobil (XOM) stock has risen 2.4% this month, and Chevron stock is up 3.9%. Let's see which company looks more well-positioned than the other.
ExxonMobil stock has fallen 3.0% so far in Q4. However, Chevron, Royal Dutch Shell, and BP have risen 2.8%, 0.5%, and 2.6%, respectively.
Integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have been rising in the current quarter.
ExxonMobil and Chevron surprised markets with strong third-quarter earnings results on Friday. Their adjusted EPS beat analysts' estimates.
So far, Chevron (CVX) stock has risen 4.1% in October. The stock might have risen due to higher oil prices and improving equity markets.
ExxonMobil and Chevron are expected to post dull numbers in the third quarter. They're scheduled to report their third-quarter earnings on November 1.