This article first appeared on GuruFocus.
On Thursday, 46 ETFs were buying ExxonMobil (XOM) versus 17 selling, producing net ETF buying of $889.9 million. The move followed net outflows of $776.1 million on Oct. 28 and $68.5 million on Oct. 27, after a modest $0.2 million inflow on Oct. 26 and $54.3 million on Oct. 23. ETF activity thus turned positive after two straight days of net selling, marking a one-day same-direction streak.
Every ETF and guru trade in XOM is tracked on the XOM guru trades page.
Which ETFs bought XOM on Thursday?
The largest buyers by dollar value were AVLV ($585.4 million), AVUS ($201.7 million) and XLE ($62.6 million). In all, 46 ETFs added shares and 17 cut them.
AVLV led the buying with a $585.4 million value change, adding 3,193,782 shares at a 2.58% weight. AVUS added $201.7 million, while XLE, the largest holder among the listed funds with 60,260,316 shares, bought 341,700 shares for a $62.6 million value change at a 24.3% weight. USCA ($24.3 million), AVLC ($20.4 million), KOKU ($7.1 million), AVTM ($6.4 million) and IYE ($3.0 million) also added. ExxonMobil sits in the Energy sector, Oil & Gas Integrated industry, with a market cap of $770.0 billion.
Have ETFs been buying or selling XOM lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does XOM do?
ExxonMobil, incorporated in 1882, is one of the world’s largest integrated energy and chemical companies, operating in most countries.
ExxonMobil reported trailing-12-month revenue of $390.53 billion, up 25.0% over one year, with a gross margin of 21.4% and a net margin of 10.4%. Its P/E is 19.25, P/B 2.87 and P/S 2.01, alongside a $770.0 billion market cap. The GF Score is 67, and the <a href="https://www.gurufocus.com/term/gf-value/XOM?ref=etf-stock&r=caf6fe0e0db70d936033da5461e60141&utm_source=yahoo_finance&utm_medium=syndication&utm_cam
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
