28 ETFs Add to ExxonMobil (XOM) Holdings on Friday
This article first appeared on GuruFocus.
XLE led the move, as ETF activity produced a net $54.3 million of buying in ExxonMobil (XOM) in Friday’s session. Twenty-eight ETFs added shares while 15 sold, leaving 144 holding steady. The buying followed a net $1.41 billion inflow on Oct. 22 and a net $1.45 billion outflow on Oct. 21. The stock has now seen two straight days of net ETF buying.
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Which ETFs bought XOM on Friday?
The largest buyers by dollar value were XLE ($49.2 million), IVV ($26.0 million) and SPYM ($5.4 million). In all, 28 ETFs added shares and 15 cut them.
XLE accounted for the largest share of the day’s activity, adding 268,804 shares worth $49.2 million, a 0.45% increase in its stake, with ExxonMobil at 24.08% of the fund’s weight. IVV added 141,966 shares worth $26.0 million, while SPYM added 29,680 shares worth $5.4 million, HDV added 19,900 shares worth $3.6 million and XOP added 17,270 shares worth $3.2 million. ExxonMobil sits in the Energy sector, in the Oil & Gas Integrated industry, with a market cap of $758.8 billion.
Have ETFs been buying or selling XOM lately?
Over the last 5 reported days, ETFs were net buyers on 4 and net sellers on 1, 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 $363.39 billion, up 15.2% over one year, with a gross margin of 20.9% and a net margin of 9.0%. Its P/E is 23.75, P/B 2.93 and P/S 2.14. The GF Score is 67 and GF Value of $135.21 compares with a price of $184.54. The dividend yield is 2.27% and the year-to-date return is 56.43%.