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M&T Bank Corp Cuts Stake in ExxonMobil Corporation $XOM
M&T Bank Corp significantly reduced its holdings in ExxonMobil Corporation (NYSE:XOM) by 61.7% in the fourth quarter, selling over 1.1 million shares. Despite this, other institutional investors like Franklin Resources Inc. and Mercer Global Advisors Inc. ADV increased their stakes in XOM. Recent news for ExxonMobil includes positive developments such as shipping the first LNG cargo from Golden Pass and an analyst upgrade, alongside neutral and negative sentiments like potential asset sales and expected EPS decline.