This article first appeared on GuruFocus.
IXC led the move, cutting its ExxonMobil (XOM) position by $36.2 million on Tuesday, when ETFs sold a net $30.8 million of the stock. More funds traded the other way, with 39 ETFs buying against 14 selling, but in smaller amounts. The selling came after a net $18.3 million of buying on Monday, and follows outflows of $16.9 million on Nov. 6, $16.0 million on Nov. 5 and $116.6 million on Nov. 4. ETF activity left 144 funds holding the stock.
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Every ETF and guru trade in XOM is tracked on the XOM guru trades page.
Which ETFs sold XOM on Tuesday?
The largest sellers by dollar value were IXC ($36.2 million), XLE ($28.5 million) and MTUM ($3.7 million). In all, 39 ETFs added shares and 14 cut them.
IXC reduced its stake by 7.42% to 2,750,947 shares, a position worth 18.29% of its portfolio, while XLE trimmed 0.29% to 59,714,345 shares at a 24.11% weight. MTUM sold $3.7 million, IVV $3.5 million and XOP $1.0 million, with smaller cuts from IGE, USMV and SPYV. ExxonMobil sits in the Energy sector and the Oil & Gas Integrated industry, with a market cap of $680.0 billion.
Have ETFs been buying or selling XOM lately?
Over the last 5 reported days, ETFs were net buyers on 1 and net sellers on 4, so the recent trend is mostly selling.
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% over one year, with a gross margin of 22.1% and a net margin of 10.3%. It trades at a P/E of 17.13, P/B of 2.56 and P/S of 1.77, against a price of $166.71 and a GF Value of $144.20. Its GF Score is 71, the dividend yield is 2.55% and the year-to-date return is 41.31%.
XOM at a glance