This article first appeared on GuruFocus.
ExxonMobil (XOM) saw its first day of net ETF selling after two straight sessions of inflows, with $116.6 million leaving on Wednesday, Nov. 4. More funds traded the other way, as 51 ETFs bought shares versus 18 that sold, but the sellers moved larger amounts. The move followed inflows of $31.3 million on Nov. 3 and $56.4 million on Nov. 2, after a $889.9 million inflow on Oct. 29. ETF activity left 144 funds holding the stock unchanged.
Every ETF and guru trade in XOM is tracked on the XOM guru trades page.
Which ETFs sold XOM on Wednesday?
The largest sellers by dollar value were XLE ($75.9 million), SPY ($60.6 million) and IXC ($22.6 million). In all, 51 ETFs added shares and 18 cut them.
XLE accounted for the largest share of the selling, cutting 448,641 shares worth $75.9 million, a 0.75% reduction of its stake at a 24.3% portfolio weight. SPY trimmed 358,257 shares valued at $60.6 million, while IXC reduced 133,322 shares worth $22.6 million, a 3.88% stake cut at an 18.27% weight. SSO shed 52,611 shares for $8.9 million, a 14.94% reduction. The stock sits in the Energy sector, in the Oil & Gas Integrated industry, with a market cap of $674.3 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 $393.83 billion, up 26.0% year over year, with a gross margin of 22.1% and a net margin of 10.3%. It trades at a P/E of 16.99, a P/B of 2.54 and a P/S of 1.76, with a market cap of $674.3 billion. The GF Score is 70, and GF Value of $141.49 compares with a price of $165.30. The dividend yield is 2.54%, and the stock has returned 40.12% year to date.
XOM at a glance
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
