LGT Group Foundation has increased its stake in Exxon Mobil Corporation (XOM) by 32.8%, acquiring an additional 91,027 shares, bringing their total holdings to 368,537 shares valued at approximately $41.27 million. This move is part of broader institutional investor activity, with hedge funds and other large investors collectively owning 61.80% of Exxon Mobil’s stock. The company recently reported better-than-expected quarterly earnings and declared a quarterly dividend of $1.03 per share.
LGT Group Foundation Acquires 91,027 Shares of Exxon Mobil Corporation $XOM
LGT Group Foundation has increased its stake in Exxon Mobil Corporation (XOM) by 32.8%, acquiring an additional 91,027 shares, bringing their total holdings to 368,537 shares valued at approximately $41.27 million. This move is part of broader institutional investor activity, with hedge funds and other large investors collectively owning 61.80% of Exxon Mobil’s stock. The company recently reported better-than-expected quarterly earnings and declared a quarterly dividend of $1.03 per share.