Korea Investment Corp Increased Its Stake in Exxon Mobil Corp (XOM) as Share Value Rose

Exxon Mobil Corporation (NYSE:XOM) LogoInvestors sentiment increased to 0.93 in Q2 2018. Its up 0.12, from 0.81 in 2018Q1. It improved, as 42 investors sold XOM shares while 768 reduced holdings. 118 funds opened positions while 634 raised stakes. 2.16 billion shares or 0.62% more from 2.15 billion shares in 2018Q1 were reported. Moreover, Savings Bank Of Nova Scotia has 0.33% invested in Exxon Mobil Corporation (NYSE:XOM). Locust Wood Cap Advisers Limited Liability Company owns 0.21% invested in Exxon Mobil Corporation (NYSE:XOM) for 31,878 shares. Ar Asset Mgmt owns 161,756 shares. Creative Planning invested in 1.04M shares. Ibm Retirement Fund holds 87,116 shares. Aviance Capital Ptnrs Lc reported 79,706 shares or 1.91% of all its holdings. Arga Investment Mngmt Ltd Partnership holds 0.55% or 53,475 shares in its portfolio. Annex Advisory Services Limited Com stated it has 0.13% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). R G Niederhoffer Capital Management accumulated 14,500 shares. Asset Grp has invested 0.14% of its portfolio in Exxon Mobil Corporation (NYSE:XOM). Cetera Advisor Limited Liability Corporation accumulated 1.06% or 256,485 shares. Papp L Roy And Assocs stated it has 61,754 shares or 0.97% of all its holdings. Glaxis Cap Mngmt Ltd Liability Corporation owns 3.57% invested in Exxon Mobil Corporation (NYSE:XOM) for 10,000 shares. Motley Fool Wealth Management Ltd Limited Liability Company holds 6,885 shares. Panagora Asset Mgmt has 2.22 million shares for 0.73% of their portfolio.

Since September 19, 2018, it had 0 insider purchases, and 1 insider sale for $1.26 million activity.

Korea Investment Corp increased its stake in Exxon Mobil Corp (XOM) by 6.28% based on its latest 2018Q2 regulatory filing with the SEC. Korea Investment Corp bought 183,700 shares as the company’s stock rose 1.99% with the market. The institutional investor held 3.11M shares of the integrated oil company at the end of 2018Q2, valued at $257.08 million, up from 2.92M at the end of the previous reported quarter. Korea Investment Corp who had been investing in Exxon Mobil Corp for a number of months, seems to be bullish on the $336.59 billion market cap company. The stock increased 0.56% or $0.44 during the last trading session, reaching $79.5. About 14.04 million shares traded or 7.96% up from the average. Exxon Mobil Corporation (NYSE:XOM) has risen 4.57% since December 2, 2017 and is uptrending. It has underperformed by 11.05% the S&P500.

Korea Investment Corp, which manages about $21.95B US Long portfolio, decreased its stake in Teleflex Inc (NYSE:TFX) by 17,500 shares to 5,306 shares, valued at $1.42 million in 2018Q2, according to the filing. It also reduced its holding in Cdn Imperial Bk Of Commerce (NYSE:CM) by 35,000 shares in the quarter, leaving it with 225,502 shares, and cut its stake in Charter Communications Inc N.

More notable recent Exxon Mobil Corporation (NYSE:XOM) news were published by: Seekingalpha.com which released: “Exxon +2% as Q3 earnings top estimates but production falls Y/Y – Seeking Alpha” on November 02, 2018, also Fool.com with their article: “Like Dividends? I Bet You’ll Love These 2 Stocks – The Motley Fool” published on November 18, 2018, Fool.com published: “An Investor’s Guide to Liquefied Natural Gas Stocks – Motley Fool” on December 01, 2018. More interesting news about Exxon Mobil Corporation (NYSE:XOM) were released by: Fool.com and their article: “How Safe Is ExxonMobil and Its 4% Dividend Yield? – The Motley Fool” published on November 24, 2018 as well as Fool.com‘s news article titled: “Better Buy: ExxonMobil vs. BP – Motley Fool” with publication date: December 01, 2018.

Exxon Mobil Corporation (NYSE:XOM) Ratings Coverage

Among 6 analysts covering Exxon Mobil (NYSE:XOM), 1 have Buy rating, 2 Sell and 3 Hold. Therefore 17% are positive. Exxon Mobil has $87 highest and $81 lowest target. $84.50’s average target is 6.29% above currents $79.5 stock price. Exxon Mobil had 6 analyst reports since June 8, 2018 according to SRatingsIntel. The stock of Exxon Mobil Corporation (NYSE:XOM) earned “Underweight” rating by Barclays Capital on Wednesday, July 11. Wolfe Research upgraded the stock to “Outperform” rating in Monday, November 26 report. The company was maintained on Tuesday, June 26 by Wells Fargo. The company was downgraded on Tuesday, November 20 by Raymond James.

Exxon Mobil Corporation (NYSE:XOM) Institutional Positions Chart

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