Pinnacle West Asset Management Inc. acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,705 shares of the oil and gas company's stock, valued at approximately $2,051,000. Exxon Mobil makes up about 2.1% of Pinnacle West Asset Management Inc.'s investment portfolio, making the stock its 7th biggest position. Several other hedge funds and other institutional investors also recently modified their holdings of the business.

https://www.dailypolitical.com/2023/08/20/pinnacle-west-asset-management-inc-invests-2-05-million-in-exxon-mobil-co-nysexom.html

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