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Don't Let Volatile Energy Prices Scare You Away From Exxon Mobil

If you've been hurt by the decline in Exxon Mobil (NYSE:XOM) over the last year and most recently, you are not alone. Several smart money investors held shares of the energy company as of their latest filings. Yachtman Asset Management held 6.9 million shares; Adage Capital had 5.2 million; and Fisher Asset Management owned 4.4 million shares. A number of funds also built new positions; one was HBK Investments with calls on 4.2 million shares, and other funds initiated positions in the shares of XOM numbering in the tens of thousands of shares. It will be interesting to see how these smart money investors have navigated their XOM trades as of late and if they doubled down, reduced, or exited their stakes... READ MORE

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