5 Biggest Stocks Targeted By Activist Investors Right Now

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1. Exxon Mobil Corp (NYSE:XOM)

Market Cap: $430.03 billion

Last but not least, our list of biggest stocks targeted by activists investors right now is led by Exxon Mobil Corp (NYSE:XOM), in which there were 85 funds holding shares as of the end of December, versus 79 funds a quarter earlier.

Similar to Shell PLC (NYSE:SHEL), Exxon Mobil Corp (NYSE:XOM) got in the cross-hairs of activist investor Follow This, which urged to company to increase the rate of emissions cuts. Instead of allowing the vote on the resolution to proceed, Exxon Mobil Corp (NYSE:XOM) filed a lawsuit to block the resolution from being voted on at the upcoming annual meeting. Even though Follow This and its US backer Arjuna Capital have recently withdrawn the resolution, Exxon Mobil Corp (NYSE:XOM) is proceeding with the lawsuit. This might be concerning, as it could potentially inspire other companies to block resolutions in court.

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