Has Corient Private Wealth LLC Adjusted Its Stake in Exxon Mobil Corporation (NYSE:XOM)?

March 16, 2025 10:35 AM PDT | By Team Kalkine Media

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Has Corient Private Wealth LLC Adjusted Its Stake in Exxon Mobil Corporation (NYSE:XOM)? — Image source: Shutterstock

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Corient Private Wealth LLC has adjusted its holdings in Exxon Mobil Corporation (NYSE:XOM), reflecting a reduction in shares during the fourth quarter.

Exxon Mobil continues to be a significant entity in the oil and gas sector, attracting substantial attention from institutional investors.

The company's shareholder base includes major institutional investors such as Vanguard Group Inc. and BlackRock Inc.

Overview of Exxon Mobil Corporation

Exxon Mobil Corporation operates within the oil and gas industry, engaging in the exploration, production, transportation, and sale of crude oil, natural gas, and petroleum products. The company has a global presence, with operations spanning various continents, and plays a pivotal role in the energy sector.

Corient Private Wealth LLC's Investment Activities

Corient Private Wealth LLC is a national wealth management firm that provides comprehensive solutions to ultra-high-net-worth and high-net-worth clients. The firm combines personalized service with extensive capabilities, offering custom-built strategies to create a differentiated wealth experience.

In the fourth quarter, Corient adjusted its holdings in Exxon Mobil Corporation. This move is part of the firm's broader strategy to manage its investment portfolio effectively. Such adjustments are common among institutional investors as they seek to align their portfolios with their investment strategies and market conditions.

Institutional Ownership in Exxon Mobil

Institutional investors hold a significant portion of Exxon Mobil's shares. According to recent data, institutional ownership accounts for approximately 65% of the company's total shares outstanding. Major institutional shareholders include:

Vanguard Group Inc.: Holding approximately 9.94% of Exxon Mobil's shares, Vanguard is one of the largest asset management firms globally, known for its line of low-cost mutual funds and ETFs.
BlackRock Inc.: Another leading asset management firm, BlackRock holds a substantial stake in Exxon Mobil, reflecting its significant presence in the investment management industry.
State Street Corporation: As one of the largest asset managers, State Street also maintains a notable position in Exxon Mobil.

These institutional investors play a crucial role in the company's shareholder structure, influencing corporate governance and strategic decisions.

Recent Developments in Institutional Investments

The landscape of institutional investments is continually evolving. Notable developments include:

Concentration of Ownership: A study highlighted that the top 25 shareholders of major oil companies, including Exxon Mobil, hold a significant portion of the companies' shares. This concentration of ownership can impact decision-making processes within these corporations.
Shareholder Activism: Exxon Mobil has experienced shareholder activism, particularly concerning environmental and governance issues. The company's management has addressed these challenges by engaging with shareholders and, in some cases, pursuing legal avenues to ensure compliance with established protocols.

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